External Reserves Increased By $45.3m In July   Nigeria’s external reserves added $45.3million in July, according to movement in reserves data released by the Central Bank of Nigeria (CBN). The foreign exchange buffer as of July 28, 2022, moved to $39.22billion from $39.17billion it commenced the month...

In Six Months, NNPC Remitted $2.7bn To Accounts With CBN   The Nigerian National Petroleum Company Limited remitted a total of N2.7bn into its accounts with the Central Bank of Nigeria from January to June this year, a document on NNPC remittances to CBN seen in...

Foolery of CBN under Emefiele, by Ahmed Musa Hussaini   What Emefiele and his boss are doing to the naira is another form of banditry. It is nothing short of treason. Nigeria is bleeding both physically and financially. Granted that even major currencies globally are taking a...

Agric Imports Exceed Exports By N443.35bn In Q1, 2022   The value of agricultural goods imported into the country exceeded exports by N443.35bn in the first quarter of 2022 amid rising security challenges that have continued to affect the fortunes of the sector. Data obtained from the...

Emefiele Says Exporters Got N20bn Rebate From RT200FX   The Governor, Central Bank of Nigeria, Godwin Emefiele, has said that the bank paid eligible exporters over N20bn rebates in the second quarter of implementing the RT200 FX programme for exports worth $600m. He disclosed this during a...

CBN To Sanction Customers Converting Naira To Dollar   The Central Bank of Nigeria (CBN) yesterday read the riot act to bank customers, especially politicians, converting naira to the dollar as electioneering spending spike. The CBN, which also raised interest rate from 13 per cent to 14...