E-Naira: Simplifying Financial Inclusion for the Downtrodden, by Abdulrahman Abdulraheem   When President Muhammadu Buhari came to power in 2015, he made it clear from day one that fixing the economy was one of the three key responsibilities he would priortise. He meant fixing the economy...

Credit To Private Sector Increase By N212bn In February   The Central Bank of Nigeria (CBN) has disclosed that credit to private sector increased by N212 billion or 0.51 per cent Month-on-Month (MoM) in February to N41.75 trillion as against N41.54 trillion reported in January 2023. The...

In One Week, Stock Investors Record N13bn Loss   The Nigerian Exchange Limited closed lower last week as investors took stock of the hike in the Monetary Policy Rate by the Monetary Policy Committee of the Central Bank of Nigeria and continued with their profit-taking. At the...

Foreign Reserves Drop By $1.43bn In Ten Weeks   Official forex reserves status data report obtained from the Central Bank of Nigeria (CBN) indicated that forex reserves declined by $163.67 million last week. It capped a 10-week consecutive fall. The data showed that forex reserves depleted from...

Cash Crunch: Banks Dispense Cash Over Counter, Load ATMs   The Central Bank of Nigeria has released more old notes to Deposit Money Banks as the apex bank steps up efforts to flood the economy with more cash after a prolonged cash crunch that has made...

Emefele’s Aide Says E-naira Wallet Will Address Scarcity Of Cash   Mrs Mary Fasheitan, the Special Assistant on Payment to the Governor of the Central Bank, says that usage of the digital naira called eNaira currency, will address the scarcity of cash in the country. Fasheitan stated...