CBN Report: Firms Expect Borrowing Costs To Rise In Oct   The Central Bank of Nigeria has said its recent survey revealed that firms, including small, medium and large organisations, expect borrowing rates to increase this month. The CBN said the September 2018 Business Expectations Survey was...

CBN Demands 15% Interest On $8.1bn MTN Refunds   The Central Bank of Nigeria has asked the court not to grant an injunction that will stop the MTN Group from transferring the disputed $8.1bn back to the country, and wants the company to pay 15 per...

CBN, Other Financial Institutions Harp On Economic Reforms   The Central Bank of Nigeria (CBN), International Monetary Fund (IMF), and Financial Market Dealers Association (FMDA), were unanimous in calling for a rule-based financial system, compliance and support for the nation’s economy to ensure overall stability. CBN Governor,...

CBN States Reasons For External Reserves’ Fall To $44bn   The Central Bank of Nigeria has stated reasons why the nation’s external reserves, which currently stand at $44bn, have been on a downward trend lately. Speaking during the CBN Day at the ongoing Abuja International Trade Fair...

External Reserves Drop By $1.45bn In A Month The nation’s foreign exchange reserves drop by $1.457bn in September, the latest data from the Central Bank of Nigeria showed on Monday. The external reserves, which stood at $45.838bn at the end of August, declined to $44.380bn on...

Interest Rate Hike Looms As MPC Meets The two-day Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting, which commences today will be closely watched after the country’s emerging market peers – Turkey and Russia- recently raised interest rate. This development is coming as the...