In Two Weeks, External Reserves Gain $280m       The country’s external reserves have returned to a growth path with a gain of $280m in two weeks, the latest figures from the Central Bank of Nigeria have shown. Figures obtained from the CBN on Sunday revealed that the...

CBN Sets October For Digital Currency Launch       The Central Bank of Nigeria (CBN) yesterday disclosed that its much-anticipated digital currency will be launched on October 1. CBN Director, IT Department, Mrs. Rakiya Mohammed, revealed this during a private webinar, explaining that the banking sector regulator had...

N15trn Infrastructure Company'll Begin Operations In Q3, 2021 - CBN       The N15tn Infrastructure Corporation of Nigeria will begin operations in the third quarter of this year, the Central Bank of Nigeria announced on Tuesday. CBN Governor, Godwin Emefiele, who announced this during an investors’ webinar organised...

CBN Pledges Increased Financial Interventions To SMEs       The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the bank will increase its development finance interventions to further support start-ups and small and medium enterprises in the country. Emefiele spoke while delivering the 51st...

Import Crisis Looms As External Reserves Hit 13-month Low     Nigeria’s economy could be leaning against the wind as the country’s external reserves fell to a 13-month low last week, tumbling quickly to $30 billion, the level it was between 2015 and 2017. Last Thursday, the figure...

In Two Months, External Reserves Fall By $1.4bn     The country’s external reserves fell by $1.4bn in two months, the latest data from the Central Bank of Nigeria showed on Wednesday. The reserves, which stood at $35.25bn as of April 16, fell to $34.23bn as of May...