LCCI, MAN, Others Kick As CBN Raises Lending Rate To 13%   The Lagos Chamber of Commerce and Industry (LCCI), Manufacturers Association of Nigeria (MAN) and the Nigerian-American Chamber of Commerce (NACC) have criticised the hiking of the monetary policy rate by the Central Bank of...

JUST IN: First Time In Over 2 Years, CBN MPC Raises Interest Rate To 13% In its 142nd meeting, the Monetary Policy Committee of the Central Bank of Nigeria (CBN) has increased benchmark interest rates to 13 percent. The Governor of the Central Bank, Godwin Emefiele,...

CBN: When Investing In Africa, Investors Should Suffer From FOMO  The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says investors should suffer from Fear of missing out (FOMO) when considering investing in Africa. Emefiele, represented by his Deputy and Board Chairman of AFC,...

CBN Governor Reportedly Withdraws From 2023 Presidential Race The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has reportedly jettisoned his 2023 presidential ambition. Report has it that Emefiele has decided to withdraw from the presidential race and has intended to continue as the...

eNaira: Central Bank Targets 85% Financial Inclusion On Nigeria’s Payment System Governor of the Central of Nigeria (CBN) Mr Godwin Emefiele says the introduction of eNaira, the central bank's digital currency, is an evidence to the fact that Nigeria’s payment system has been deepened under...

In Eight Days, External Reserves Drop By $196m   Nigeria’s external reserves drop by $196m in eight days to $39.62bn as of April 28, according to figures obtained from the Central Bank of Nigeria. The CBN revealed that the reserves, which had earlier gained $243.83m in 19...