CAN to Finance Ministry: Regulate Loan Sharks Before Nigerians Commit Suicide The Christian Association of Nigeria (CAN) has urged the Ministry of Finance, the Central Bank of Nigeria (CBN) and other regulators to take action against loan sharks. The apex religious body called on CBN Governor,...

  Nigerian Economy To Grow By 3.24% In 2022: CBN The Central Bank of Nigeria, CBN, has projected that the Nigerian economy will grow by 3.24 per cent in 2022, despite the rising inflationary challenges occasioned by global socio-economic events. The CBN Governor, Godwin Emefiele, made this...

CBN's MPC Blames Rising Inflation on Fuel, Hikes In Electricity Tariff The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has blamed the hike in energy prices for the rising inflation rate experienced within the country in February 2022. In a communique released...

Our Interventions To Promote Economic Growth Will Continue: CBN to IMF   The Central Bank of Nigeria says it will continue to intervene in development finance to support the growth of the economy. The CBN Governor, Godwin Emefiele disclosed this while reading the communiqué of the first...

FCCPC Demands Legal Action Against Illegal Digital Finance Firms The Federal Competition and Consumer Protection Commission (FCCPC) has called for law governing digital banking operations to prevent unlicensed operators from posing a threat to Nigerians. During a summit on World Consumer Rights Day in Abuja, the...

Naira Falls to N585 per Dollar In the parallel market for foreign exchange, the Nigerian naira has dropped to N585 against dollar. The figure represents N4 or 0.7 percent depreciation compared to the N581 it traded last week. According to Bureau De Change (BDCs), popularly known...