CBN Retains Lending Rate At 11.5%   The Monetary Policy Committee of the Central Bank of Nigeria has left the Monetary Policy Rate unchanged at 11.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this after the committee’s two-day meeting in Abuja on Tuesday. Other parameters left unchanged...

Capital Inflow Crashes By 80% As Foreign Investors Shun Nigerian Market   Capital inflow to Nigeria has crashed by 80 per cent in two years, the Central Bank of Nigeria reports have indicated. Specifically, capital inflow to Nigeria fell from $17.1bn in July 2019 to $3.4bn in...

eNaira’ll Work With Other Countries’ Digital Currencies – CBN   The Central Bank of Nigeria has said that the implementation of the country’s digital currency will be done in four phases and also lead to the interoperability of the eNaira with those of other central banks. The...

Fed Govt November Bonds Oversubscribed By N117.15bn – DMO   The Federal Government’s bonds for November worth N150bn, which were auctioned on November 17, were oversubscribed by N117.15bn, the Debt Management Office has said. The DMO said the total subscription received from investors was N267.15bn, with only...

Experts Blame 2023 Elections For N4.1tn Rise In Recurrent Expenditure   The Federal Government has recorded a N4.18tn increase in its recurrent expenditure in the past six years with experts linking the significant rise especially in the 2022 budget proposal to the upcoming 2023 elections, naira...

Short-term Loans, Others Push Banks’ Assets To N58.51trn   Massive investments in short-term financing and other prudent measures have made the assets of 10 key commercial banks to grow by N8.09tn (a 16.06 per cent increase) to N58.51tn in one year, reports have revealed. Specifically, the combined...