Again CBN Keeps MPR at 14% after 48hrs MPC Meeting THE Monetary Policy Committee (MPC) of the Central Bank of Nigeria, CBN, has left the Monetary Policy Rate(MPR) unchanged at 14 per cent. CBN Governor, Mr Godwin Emefiele, announced the outcome of the committee at the...

Nigeria’s Foreign Reserves Hit $46.2bn   Nigeria’s foreign exchange reserves gained 8.8 per cent as of March 28, to $46.2 billion compared to same period in February 2018, according to data from the Central Bank of Nigeria (CBN). The reserve is still far from the peak of...

50 Million Unbanked Nigerians Targeted By CBN, Banks   The Central Bank of Nigeria, Deposit Money Banks, licensed mobile money operators and super agents have agreed to roll out 500,000 Shared Agent Network to accelerate financial inclusion in Nigeria. The agreement would enable them to fund the...

Banks Borrow N52tr From CBN As Liquidity Pressure Intensifies   BANKS’ borrowing from the Central Bank of Nigeria (CBN) shot up by 80 percent to N52 trillion in 2017, from N29 trillion in 2016, due to pressure to survive the impact of high interest rate regime...

CBN Pumps $18.1bn Into FX Market In 13 Months   The Central Bank of Nigeria (CBN) has injected a total of $18.067 billion into the interbank segment of the foreign exchange (FX) market since it started its forays into the market in February last year, figures...

Senate Confirms Aisha Ahmad, Edward Adamu As CBN Deputy Governors The Senate thursday confirmed the nominations of Mrs. Aisha Ahmad and Mr. Edward Adamu as deputy governors of the Central Bank of Nigeria, paving the way for the Monetary Policy Committee (MPC) of the Bank...