CBN Releases Framework To Boost e-payment Adoption         The Central Bank of Nigeria (CBN) has released the Framework for Regulatory Sandbox Operations that would promote seamless adoption of electronic payment across the country. The new framework will also ensure the safety and stability of the financial system,...

External Reserves Increase By $930m In Two Weeks         The country’s external reserves rose by $930m from $35.37bn as of December 31, 2020 to $36.30bn as of January 14, 2021. Figures obtained from the Central Bank of Nigeria disclosed on Sunday. The CBN also disclosed that foreign exchange...

Rising Inflation May Push CBN To Hike Interest Rates         The Central Bank of Nigeria (CBN) may be forced to adjust its hold-down position and increase benchmark interest rate as inflation surged by its largest rise in eight years to 15.75 per cent. Most analysts said they...

Business Loans Increased In Q4, May Go Higher — CBN       A survey by the Central Bank of Nigeria (CBN) has indicated that there is an increase in the availability of loans to all firm sizes in the fourth quarter (Q4) of 2020. The survey which was...

Foreign Reserves Adequate For Seven Months Imports — CBN         The Central Bank of Nigeria, CBN, has indicated that the country’s foreign exchange reserves at current level of about USD35 billion would cover seven months import needs of the economy. This is contained in the apex bank’s...

Top Ten Firms Export $57.74m Goods In One Month         The top 10 exporters in the country exported $57.74m goods in August 2020, according to the Central Bank of Nigeria. This was, however, a reduction from the N74.78m worth of goods exported in July, the CBN’s monthly...