Nigerian Banks’ Assets Hit N66tn in a Year The Central Bank of Nigeria latest figures has revealed that Nigerian banks’ assets gained N10tn between August 2021 and hit N66.76tn in August 2022. The CBN disclosed in the personal statement of a member of the Monetary Policy...

CBN Released $3.5bn For Foreign Education Under Buhari's Administration     Data obtained from the website of the Central Bank of Nigeria on Sunday revealed that Nigeria’s educational sector suffered massive capital flight during the regime of President Muhammadu Buhari. Specifically, using the CBN’s balance of payment statistics,...

Forex Inflows Hit 19-month Low   Foreign exchange inflows into the official forex market have dropped to their lowest level in the past 19 months as investors remain unimpressed by the efforts of the Central Bank of Nigeria (CBN). Foreign exchange (forex) inflows into the official Investors...

CBN To Resell Maturing N193bn Treasury Bills   The Central Bank of Nigeria (CBN) will today, Wednesday, November 9, 2022, roll over the N109.03 billion treasury bills maturing at the primary market auction (PMA). The debt instruments are in three tenors of 91 days, 182 days, and...

CBN Commits $16.9bn To Forex Market In H1, 2022   The Central Bank of Nigeria (CBN) disbursed about $16.9 billion in its foreign exchange market interventions and statutory obligations in the first half of 2022, H1’22, about 4.0 percent drop against $17.6 billion sold in the...

FG’s Expenditure Exceeds Revenue by N6tn in Six-Month The Central Bank of Nigeria latest data has revealed that Federal Government’s expenditure in the first six months of 2022 exceeded revenue by N6.23tn. According to the second quarter economic report on fiscal sector development compiled from the...