Currency In Circulation Drops To N1.93 Trillion The currency in circulation fell for the third consecutive month in June, with economic experts describing it as a positive trend for the nation’s inflation. Data obtained from the Central Bank of Nigeria by our correspondent showed that the...

External Reserves Fall By $102m In 6days The nation’s foreign exchange reserves have pared some of the gains recorded last month, falling by $102m in the six days to Wednesday. Available data obtained from the Central Bank of Nigeria on Thursday showed that the reserves stood...

MPC worries Over Portfolio Investors’ Exit   Members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed worry over the exit of foreign portfolio investors from the country on the back of the rise in interest rates in the United States. In a...

2020 Financial Inclusion Target Not Feasible, Says CBN   The Central Bank of Nigeria (CBN) has disclosed that the country is “not on track to meet the 2020 targets set out in the National Financial Inclusion Strategy (NFIS) of 2012.” To this end, the CBN has commenced...

CBN Recovers N60bn Illegal Charges From Commercial banks The Central Bank of Nigeria has facilitated the refunds of a total of N60 billion by commercial banks to their customers on March 31, 2018 through the intervention of the consumer protection department. CBN director of Payment Systems...

In 3years Nigeria Earned N3.2tr From Royalties , PPT   The Federal Government received N3.211 trillion as Petroleum Profits Tax (PPT) and Royalties from the third quarter of 2015 to third quarter of 2017, according to the Economic Report of the Central Bank of Nigeria (CBN). Breakdown...