Just In Three Weeks, Foreign Reserves Gain $6.42m The nation’s foreign reserves rose by $6.42m from $$43.041bn in December 17, 2018 to $43.047bn as of January 9, 2019, according to latest data from the Central Bank of Nigeria. Records revealed that the reserves, which had suffered...

$8.1bn Repatriation: CBN, MTN Resolve Issue Outside Court Telecommunications firm, MTN Nigeria Communications Limited, said on Thursday that it had reached an agreement with the Central Bank of Nigeria over the $1.8bn being demanded from it by the apex bank. The $1.8bn demand by the CBN...

Nigerians Fear Weaker Economy From Rising Inflation - CBN Report Respondents in a survey carried out by the Central Bank of Nigeria’s Statistics Department in the fourth quarter of 2018, showed that more Nigerians were sceptical of the country having a weaker economy from rising...

CBN Pursues Development Finance For SMEs In continued recognition of its role as an agent of development, the Central Bank of Nigeria said it would invigorate its development finance activities. This, it added, was aimed at ensuring the nation’s self-sufficiency to reduce Nigeria’s excessive dependence on...

Shared Agent Network'll Boost Financial Inclusion - CBN The Central Bank of Nigeria (CBN) has reiterated its commitment to the formulation of appropriate policies through inputs received from the various stakeholders in the Nigerian payment industry. CBN said the renewed commitment would enhance expansion and...

On Forex,CBN Spends $11bn This Year The Central Bank of Nigeria (CBN) has spent $11bn in foreign exchange interventions in the various segments of the interbank market in from January to December 2018. The interventions, as released by the CBN from time to time and computed...