Foreign Investors Gain $5bn Dividend – CBN The Central Bank of Nigeria has disclosed that foreign firms repatriated $5.86bn from the Nigerian economy between October 2022 and March 2023. About $5.13bn was repatriated as dividends by foreign investors. In its ‘Economic Report, First Quarter 2023,’ the apex...

External Reserves Marginally Gained $1.87m in August   In August 2023, Nigeria’s external reserves experienced a slight uptick of $1.87 million, thanks to the policies implemented by the Central Bank of Nigeria (CBN) aimed at stabilising the foreign exchange market. The external reserves, as reported by the...

CBN Says FG’s Three-month Expenditure Exceeds Revenue by N1.43trn   The Federal Government’s expenditure exceeded revenue by N1.43tn in the first three months of 2023, according to figures obtained from the Central Bank of Nigeria (CBN). The CBN revealed in its economic report for the third quarter...

Something is fundamentally wrong when a Central Bank of Nigeria (CBN) acts like a deposit Bank.

Anchor Borrowers: Tinubu Orders Security Agencies to Recover N1trn from Loan Defaulters   The ambitious Anchor Borrowers’ Loan Scheme floated by the Central Bank of Nigeria to make cash available for increased agricultural production in Nigeria has run into a glitch due to the inability of...

The Vice- Chancellor, Professor Abdul-Rasheed Na’Allah’s joy knew no bounds as he wrote in an email to the University community, “