Banks Credit To Economy Hits N43.67trn     Banks’ credit to the economy rose by N75bn to N43.67tn as of the end of February from N42.92tn in January. The Central Bank Governor, Godwin Emefiele, disclosed this on Tuesday in Abuja. He said, “Provisional data showed that banking system credit...

We Disburse $80m Weekly For School Fees, BTAs, Says Emefiele       In view of the lingering foreign exchange scarcity in the country, the Central Bank of Nigeria has urged Nigerians not to panic, saying there is enough forex for business owners, travellers and parents with students...

CBN Has Not Intervened In I&E Window Since January – Emefiele       The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said Nigeria has not changed from its foreign exchange management policies. The governor, who stated this at the 278th MPC Press Briefing in Abuja...

CBN Retains Lending Rate At 11.5%     The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent. The CBN Governor, Godwin Emefiele, disclosed this after the committee’s two-day meeting in Abuja on Tuesday. It also retained the Cash...

Only 47 Money Transfer Operators Are Licensed, Says CBN     The Central Bank of Nigeria has released the list of 47 International Money Transfer Operators that are licensed to operate in the country. It disclosed this on its website in a document titled ‘List of approved International...

Diaspora Cash Remittances Drop By 27% To $17.2bn       In apparent reflection of the severe impact of the COVID-19 pandemic on the incomes of Nigerians living abroad, diaspora remittances inflow into the country fell 27 per cent, year-on-year, (YoY) to $17.2 billion in 2020 from $23.55...