Nigeria, Others Facing Huge Debt Crisis - World Bank   The World Bank has said that Nigeria and other developing countries are facing debt crisis, noting that the situation has intensified. The World Bank Group President, David Malpass, disclosed this in a statement titled, ‘Debt-Service Payments Put...

CBN Report: AMCON Liabilities Hit N5.7tn Asset Management Corporation of Nigeria’s liabilities stood at N5.72tn as of the end of the first half of 2022. The Financial Markets Department of the Central Bank of Nigeria disclosed this in its ‘Half-year activity report 2022’ released on Thursday. It...

In 5yrs, CBN Spent $65bn To Stabilise Naira After spending about $65 billion to stabilise the naira within five years, the Central Bank of Nigeria (CBN) must stop depleting Nigeria’s foreign reserves on the naira stability, said an economist and consultant, Mr. Ademola Henry Adigun. Adigun...

CBN Injected $11.24bn to Strengthen Naira in Seven Months To stabilize the value of naira, the Central Bank of Nigeria has injected $11.24 billion into the economy from January to July 2022. This was obtained in the banking regulator’s monthly economic reports on foreign exchange market...

CBN Disburses N1tn to Anchor Borrowers Programme The Central Bank of Nigeria is targeting 95 per cent financial inclusion by 2024. In line with that, the Federal Government has launched five strategic policy reports with a view to actualising the target. Meanwhile, the CBN has disbursed N1.07tn...

Naira Redesign: ACCI Seeks Deadline Extension The Abuja Chamber of Commerce and Industry (ACCI) says it has appealed to the Central Bank of Nigeria (CBN) to extend the deadline for the discontinuation of the use of the current currency notes. The President of ACCI, Dr...