Banking Consolidation: Mega Banks Boast N10trn Capital Base   As the Central Bank of Nigeria’s proposal to initiate a new banking sector consolidation raises concerns among some industry operators, findings indicate that major banks with foreign subsidiaries currently control N9.6 trillion capital base. This is just data...

Currency in Circulation Hits New High   As latest data indicate, the currency in circulation (CIC) reached a new high of N2.99 trillion at the end of October 2023, it appears that the Central Bank of Nigeria (CBN)’s policies and leadership changes have been playing a...

Again, CBN Postpones MPC Meeting   In spite of the surge in inflation, the Central Bank of Nigeria (CBN) has again postponed the meeting of its monetary policy committee (MPC). This is according to a report by Bloomberg on Monday, which quoted the CBN’s Director of Corporate...

Monetary Reforms Yielding Positive Results - CBN The Central Bank of Nigeria said that its monetary policy reforms are beginning to have positive effects on the country’s economy. Reacting to the just-released inflation rate for October in a statement issued by the Director of the Corporate...

Inflation: Monetary Policy Reforms Yielding Results - CBN  The Central Bank of Nigeria has said its monetary policy reforms have started reflecting positively on the country’s economy. The apex bank’s Director, Corporate Communications Department, Isa AbdulMumin, said this while speaking in Abuja on the latest inflation...

CBN Extends Validity of Old Naira Indefinitely   The Central Bank of Nigeria (CBN) has announced its intention to extend the validity of the old N200, N500, and N1,000 noted indefinitely. This is as the apex bank declared its desire to extend the validity of old naira...