World Bank Says CBN Loan Repayments To Gulp 62% Of Revenue
The World Bank has projected that interest payments on the Federal Government’s borrowing from the Central Bank of Nigeria will gulp about 62 per cent of government revenue by 2027 despite the restructuring plan.
The...
Crude Oil: Bonny Light Loses All 2022 Gains
Nigeria’s Bonny Light grade crude oil lost all its gains in 2022 after trading at $81.94 per barrel at the end of 2022, a drop of 8.26 percent from the $88.71 per barrel it traded in January...
Naira Redesign: 13 Days After Rollout, ATMs Still Dispensing Old Notes
Thirteen days after the release of the newly redesigned N200, N500 and N1,000 notes and with 34 days before the old notes will no longer be legal tender in the country, Automated Teller Machines...
Credit To Private Sector Increases By N6.4trn In 11 Months
With banks increasing interventions in the real sectors, credit to private sector increased to N41.58 trillion in November 2022 from N40.84 trillion in October, the latest Central Bank of Nigeria (CBN) “Money and Credit” statistics...
World Bank to CBN: Review RT-200 FX Policy to Stabilise Economy
The World Bank has requested the Central Bank of Nigeria to reconsider its RT-200 Programme.
The global bank stated that despite CBN's good intentions, the policy has created an additional foreign exchange window further worsening...
New Naira: Legislators Grill Mrs Aisha Ahmad Of CBN In The Absence Of Emefiele Who Is Abroad For Treatment
The Deputy Governor of the Central Bank of Nigeria, Aisha Ahmad, on Thursday, briefed the House of Representatives on the bank’s latest policies.
Mrs Ahmad represented the...
