Banks’ Borrowing From CBN Rises To N24.53trn In 11 Months     The scarcity of liquidity has forced banks and merchant banks to aggressively depend more on the Central Bank of Nigeria (CBN) for short-term liquidity needs, leading to N24.53 trillion borrowing from the apex bank between...

CBN Awards N5m Loans To Graduates Under New Scheme   The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Thursday, launched the Tertiary Institutions Entrepreneurship Scheme designed to tackle underemployment and unemployment in the country. Emefiele, at the launch in Abuja, also presented loans...

Manufacturing Index Expands to 47.3 points, Still Below Positive Zone — CBN   The Central Bank of Nigeria, CBN, said the economy has recorded slight expansion Month-on-Month, MoM, in October 2021 as the Manufacturing Purchasing Managers Index (PMI) rose to 47.3 index points, as against 46.6...

CBN Urges FG To Prioritise Investment In Infrastructure   The Central Bank of Nigeria has urged the Federal Government to prioritise investment in infrastructure to improve the country’s business environment and boost economic growth. Mr Godwin Emefiele, the CBN Governor made the call Tuesday night in Abuja...

CBN Disburses N41.2bn To Cut Wheat Imports   The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the bank has disbursed N41.2bn under its intervention schemes to cut wheat production. Speaking after the Monetary Policy Committee meeting in Abuja on Tuesday, he said, “The...

Increase In Crude Price To Boost Economy – Emefiele   Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the sustained increase in the price of crude oil would boost the Nigerian economy in 2022. A statement yesterday, said the positive outlook for the...