Nigeria/China Currency Swap: How The Economy Will Benefit? By Gbolahan Ajagbe The currency swap agreement between Nigeria and China, which was sealed recently and valued at Renminbi (RMB) 16bn according to the CBN spokesperson, Isaac Okorafor, is to provide adequate local currency liquidity to Nigerian and Chinese...

Will Currency Swap deal stifle Nigerian economy? By Simon Akoje Financial analysts have expressed concern that the currency swap deal recently signed by the Central Bank of Nigeria (CBN) and the Peoples Bank of China (PBoC) will stifle the Nigerian economy. The Currency Swap Deal was signed...

Nigeria will Sustain Positive Growth Outlook – Adeosun, Emefiele …External Reserves Hit $47.93bn Nigeria’s Minister of Finance, Mrs. Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, affirmed  that the country’s growth outlook would be sustained. The Minister and the CBN Governor...

New CBN DGs, MPC Members Assume Duty Mrs. Aisha Ahmad and Mr. Edward Lametek Adamu have formally assumed duty as Deputy Governors of the Central Bank of Nigeria (CBN), following the confirmation of their appointments last week by the Nigerian Senate. The trio of Professor Adeola...

CBN injects $335.43m into Retail SMIS The Central Bank of Nigeria (CBN), in its resolve to guarantee liquidity in the market, injected the sum of $355.43m into the Retail Secondary Market Intervention Sales (SMIS) on Friday, March 9, 2018. Figures obtained from the CBN on Friday...

Emefiele Bags The SUN Award for Public Service The Sun Publishing Limited, publishers of The Sun titles, on Saturday, February 24, 2018 conferred the Public Service Award for 2017 on the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele as part of its 15th...