Emefiele Says Non-Oil Exporters Fetched Nigeria N2.1trn Forex This Year   The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said $4.987 billion (about N2.1 trillion) has been repatriated to Nigeria by non-oil exporters so far in 2022. Emefiele, who spoke at the second...

CBN Targets 95% Financial Inclusion By 2024   The Central Bank of Nigeria (CBN) has unveiled seven key policies and products that will aid the realisation of 95 per cent financial inclusion in Nigeria by 2024. The policies include, the revised National Financial Inclusion Strategy (3.0), the...

Emefiele Says Nigeria’s Inflation May Drop To Below 15% Next Year   The Central Bank of Nigeria is targeting a drop in the country’s inflation rate to less than 15 per cent by end-2023. The governor of the apex bank, Godwin Emefiele, stated this at the 57th...

Annual UK-study Expenses Now $2.5bn Amid Forex Scarcity   The Governor, Central Bank of Nigeria, Godwin Emefiele, has said annual foreign exchange outflow on study-related to the UK has hit to about $2.5bn as visa applications increased. He also said the official foreign exchange receipt from crude...

New Naira: CBN Join Forces with EFCC, ICPC to Track Large Withdrawals The Central Bank of Nigeria has revealed plans to collaborate with law enforcement agencies like the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission, to complicate...

PHOTOS: Buhari Unveils New Naira Notes   President Muhammadu Buhari has introduced the newly redesigned N1,000, N500 and N200 notes to the country. The President performed the long awaited ceremony at the State House Council Chambers on Wednesday shortly before the commencement of the Federal Executive Council...