In Two Months, Nigeria Records $3.5bn FX Repatriation The Central Bank of Nigeria (CBN) has revealed that Nigeria has recorded the sum of $3.5 billion in foreign exchange repatriation from exporters, two months after the launch of the RT200 non-oil export rebate scheme. Godwin Emefiele, governor...

CBN Set to Sell N1.2trn Treasury Bills by Q3’22 The Central Bank of Nigeria, CBN, said it will sell N1.2 trillion worth of Treasury Bills (TBs) in the third quarter of 2022 (Q3’22). The apex bank disclosed this today in its Nigeria Treasury Bills Issue Programme...

Discos, Gencos, others’ Shortfall In Power Sector Rises To N1.6tn The Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, revealed that the total shortfall in the Nigerian power sector has reached N1.6trn in eight years and that findings have shown...

  MAN Expresses Worry Over Interest Rate The Manufacturers Association of Nigeria has expressed concern on the recent monetary policy decision of the Central Bank of Nigeria and has appealed the apex bank to reduce the stringent conditions for accessing available development funding windows to the...

In Two Months, CBN Defends Naira With $3.36bn The Central Bank of Nigeria injected $3.36bn into the foreign exchange market in two months as part of efforts to ensure the stability of the naira. Figures obtained from the CBN’s January monthly report on ‘Foreign Exchange Market...

N143 Billion Treasury Bills Auction Records 47% Oversubscription - CBN The Central Bank of Nigeria’s (CBN) Treasury Bills worth N143.88 billion for a 1-year tenor, which was auctioned on Wednesday, 25th of May 2022, accumulated a total subscription of N210.82 billion, representing 147% of the...