CBN Disburses N114.17bn Under 100-for-100 Policy   The Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. According to the bank, the CBN Governor, Godwin Emefiele, disclosed this in Abuja after the Monetary...

Who Does Godwin Emefiele Work For? by Moses Oludele Idowu It is time to begin interrogating our public officials. It is time to wake up. Today I want to ask questions about a particular public official whom I have never admired and whose conduct from...

New Naira Notes Scarcity: Concerns Trail CBN’s Deadline   Nigerians, particularly entrepreneurs, are worried about the failure of banks to roll out new naira notes, few days to the expiration of the deadline set by the Central Bank of Nigeria (CBN). Economic Confidential investigation revealed that less...

Hike In Interest Rate Likely As MPC Meets Today   Ahead of the two-day Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) commencing on Monday (today), financial experts have expressed diverse views on possible outcomes of the rates. The CBN disclosed it would...

Nigeria’s CBN Has Dreams For Stablecoins, Smart Contracts, and ICOs; Here’s What They Could Look Like Key takeaways: CBN has exciting plans to advance finance in Nigeria. In its Nigeria Payments System Vision 2025, it cited use cases for blockchain technology, specifically stablecoins, smart contracts, and ICOs. While...

CBN Report Reveals Economy Contracted In November   Economic activities contracted in November as the Purchasing Managers’ Index fell below 50.0, according to reports obtained from the Central Bank of Nigeria. The CBN stated in reports of members of the Monetary Policy Committee that there was need...