Giving the eNaira Crusade a Refreshing, Celebrity Touch, by Abdulrahman Abdulraheem   Using celebrities to advertise, market, sell goods and services or advance a cause or an idea is as old as modernity itself. Just like the French revolution, the first recorded attempt to make a popular...

External Reserves Fell to $35bn in Two Weeks - CBN   The Central Bank of Nigeria report has revealed the country’s external reserves fell by $112.78m in two weeks to $35.42bn Figures obtained from the CBN’s data on the movement of external reserves on Monday showed that...

Naira Falls at Parallel Market, Gains at Investors’ Window   Naira performance on Monday in the currency market varied across market segments. At the parallel market, the naira weakened by 0.41 per cent to close at N741 against the greenback; while at the I &E window, the...

CBN to Banks: Transfer Funds in Dormant Account to Trust Fund   The Central Bank of Nigeria has proposed that banks should transfer funds in accounts that have been dormant for up to 10 years into a trust fund account. This is contained in the recently released...

Monetary Policy: Banks Commence Adjustment of Interest Rates   Commercial banks across Nigeria have begun revising their interest rates following the recent changes in Monetary Policy Rate (MPR). This is coming after the Central Bank of Nigeria (CBN) raised it’s benchmark lending rate to 18 per cent...

IMF To CBN: Maintain Tight Monetary Policy To Curb Inflation   The International Monetary Fund (IMF), yesterday, advised the Central Bank of Nigeria (CBN) to maintain its monetary policy-tightening mood in order to cage inflation, which jumped to 21.91 per cent as of February. The Washington-based institution,...