In One Year, Treasury Bills Issuance Falls By N1.153trn The Nigerian Treasury Bills issued and allotted fell by N1.153trn in the 2018 financial period. The total value of NTBs issued and allotted was N3.34tn apiece, indicating a decline of N1.153tn or 25.65 per cent below what...

Renewed Inflationary Pressure Key Focus of  MPC’s Meeting The renewed inflationary pressure in the country is expected to be among the key focus at the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting which commences in Abuja today. The outcome of the two-day...

NECA, Experts Demand Independent Audit Over CBN's Missing N500bn   Financial and economic experts have demanded an independent audit of the Central Bank of Nigeria following the alleged missing of N500bn. They made this call while speaking in exclusive interviews with our correspondents. The Director-General, Nigeria Employers’ Consultative...

CBN To Roll Over Treasury Bills Worth N33.8bn The Central Bank of Nigeria is scheduled to roll over maturing bills worth N33.8bn through a primary market auction across the 91- (N3.4bn), 182- (N16.9bn) and 364-day (N13.5bn) tenors this week. The CBN resumed its liquidity mop-up last...

CBN To Blacklist Firms, Individuals Involved In Textiles Smuggling The Federal Government is currently gathering data and investigating the accounts of individuals and corporate entity currently involved in smuggling and dumping of textile materials in Nigeria. The Central Bank Governor, Godwin Emefiele, said this while inaugurating...

CBN, 14 Banks Contest N1bn Imo Debt Payment Order   The Central Bank of Nigeria and 14 other banks are contesting a Garnishee Order being considered by an FCT High Court to compel them to pay debts being owed to contractors by Imo State Government. The court...