CBN Boosts Sesame, Cocoa Exports With N21bn Disbursement The Central Bank of Nigeria (CBN) has disbursed N21bn to boost the production and export of cocoa and sesame seeds. According to the bank, the CBN Governor, Godwin Emefiele, disclosed this at the last Monetary Policy Committee, while...

Milk Imports Rise to N27bn Despite Forex Restriction in Q1  A report by the National Bureau of Statistics (NBS) has shown that N27,664 billion was used to import the milk in the country despite the federal government effort to ensure self-sufficiency in milk production and ...

Banks Tighten Forex Access As External Reserves Hit Seven-month Low   The country’s external reserves hit a seven-month low after falling to $38.57bn as of May 25, 2022, figures obtained from the Central Bank of Nigeria have revealed. Findings have shown that the continuous decline in the...

In Two Months, CBN Defends Naira With $3.36bn The Central Bank of Nigeria injected $3.36bn into the foreign exchange market in two months as part of efforts to ensure the stability of the naira. Figures obtained from the CBN’s January monthly report on ‘Foreign Exchange Market...

JUST IN: CBN Governor, Godwin Emefiele, Not Sacked By Lawan Bukar Maigana The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has not been sacked. Emefiele was rumoured to have been sacked earlier on Wednesday by President Muhammadu Buhari over his purported presidential ambition. A staff...

ICT Firms’ Borrowing From Banks Rises To N982.87bn   The loans obtained by the information, communication and technology (ICT) firms from banks rose from N952.06bn in January 2022 to N982.87bn in March 2022, according to data from the Central Bank of Nigeria. The CBN sectoral analysis of...