CBN Forex Policies May Threaten Economic Growth In 2022   The Centre for the Promotion of Private Enterprise, an economic think tank, has said the “monetary and foreign exchange policy rigidities” of the Federal Government may disrupt the economic growth of the nation in 2022. The Central...

Fed Govt Borrows N13.6trn Via Bonds In Six Months Amid Rising Deficit Financing   The Federal Government’s bond offer and allotment rose by N1.99tn in the first six months of this year to N13.66tn, from the N11.67tn recorded in the corresponding period of last year. The Financial...

CBN Disburses N108.65bn To Hospitals, Pharmaceutical Firms   The Central Bank of Nigeria has said it disbursed N108.65bn to hospitals and pharmaceutical industry in 18 months. A CBN report said this was disclosed at the last Monetary Policy Committee meeting. It said, “The bank has also cumulatively disbursed...

Currency in Circulation Rose To N3.15trn In November – CBN   The currency in circulation rose from N2.97tn at the end of October to N3.15tn in November, according to figures obtained from the Central Bank of Nigeria. The CBN data showed that the currency in circulation increased...

Currency Swap: CBN Sells 3.69bn Yuan In Three Years   The Central Bank of Nigeria has said it sold 3.69 billion yuan from the inception of the currency swap deal with China to June this year. The apex bank disclosed this in its ‘Financial markets department 2021...

We’ll Raise Infrastructure Finance From N13trn Pension Funds, Others – CBN     The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria plans to finance infrastructure projects with banking and pension monies. According to him, the Federal Government is seeking to reduce its external debts...