CBN To Maintain Tight Monetary Policy, Predicts 12% Inflation The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has projected that the current monetary policy stance of the bank is expected to continue while inflation is estimated to rise to 12 per cent and moderate...

CBN Earmarks N50m Capital For Tier 2 Microfinance Banks The Central Bank of Nigeria (CBN) has introduced a Tier-based system for unit microfinance banks in the country. The apex bank also adjusted the time frame given to the different categories of microfinance banks to recapitalise. The different...

CBN Partners Travelex To Enhance BDCs’ Role In Economy The place of Bureau De Change (BDC) industry in the economy of Nigeria cannot be over-emphasised because it plays important roles and the government has special interest in the activities of operators in the sub-sector. Travelex Nigeria...

Textile Union Applauds CBN's Ban On Sale Of Forex The General Secretary, National Union of Textile Garment and Tailoring Workers of Nigeria, Mr Issa Aremu, has commended the Central Bank of Nigeria for banning the sale of foreign exchange to textile importers. The News Agency of...

FG Disbursed N7.3tn For Recurrent, Capital Expenditure In 2018 – CBN Between January and December last year, the Federal Government spent about N7.3tn on the implementation of the 2018 budget. The amount was spent on three major expenditure components. They are recurrent expenditure, capital expenditure and...

CBN Advised To Raise NIRSAL MFB Capital To N100bn The Centre for Social Justice has urged the Central Bank of Nigeria, and the Bankers Committee to raise the capital base of NIRSAL Microfinance Bank from N5bn to N100bn. The NMFB is a brainchild of the Bankers’...