Money Supply Increased to N66.42trn in September - CBN   The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s money supply increased to N66.42 trillion in the month of September 2023, a marginal growth of about 1.94 per cent from N65.15 trillion in August 2023. The...

Naira Slumps Further , Exchanges 1,190/$ The naira has maintained its downward trend as scarcity of the dollar bites harder. At the parallel market, naira commenced trading at 1,175/$ and closed at 1,190/$ on Friday. Two weeks earlier, the naira had traded at 1,100/$ at the parallel...

CIBN Honours CBN's ICT Boss, Rakiya Mohammed, with Senior Membership   The Chartered Institute of Bankers of Nigeria (CIBN) has announced the investiture of the Director, Information Communication Technology ((ICT) Department in the Central Bank of Nigeria (CBN), Hajia Rakiya Shuaibu Mohammed, as a honorary senior...

Power: FG, CBN Partner to Fund Four million Meters The Federal Government in partnership with the Central Bank of Nigeria, says it would fund the production of four million prepaid meters locally. This was revealed in a power sector document, ‘2022 Market Competition Report’ by the...

CBN's Policy on 43 Items Will Collapse Many Industries, MAN tells FG .....it will lead to unemployment, insecurity, others The federal government has been advised to urgently reverse its decision to remove ban on 43 items on foreign exchange restriction by the Central Bank of Nigeria,...

A Memo to AGF on CBN Act and Descent into Lawlessness Dear HM & AGF, I am constrained to write you through this channel for two reasons. First, I do not have direct or personal contact with you. Secondly, the issues I am about to raise...