COVID-19: We Spent N3.5trn On Economic Growth - CBN       The Central Bank of Nigeria (CBN), says it has so far made a total of N3.5trillion disbursements to cushion the effect of COVID-19 pandemic on the country’s economy. This is contained in a review of the 132nd...

Banks Provided N1.8trn, $1.36bn, €10.92m Loans To MSMEs - CBN         Based on the financing statements registered on the National Collateral Registry in respect of movable assets offered as collateral, lending banks availed credit amounting to N1.80tn, $1.36bn and €10.92m to Micro, Small and Medium Enterprises...

Naira Gains N8 As Equities Make N778bn       The naira appreciated by N8 in the last one week at the parallel market and the equities market recorded major gains of N777.9 billion as oil prices picked up. The All Share Index (ASI) grew by N778 billion to...

Banks Total Credit Rises To N19.33trn       The total credit to the economy rose to N19.33tn in August as a result of the Central Bank of Nigeria’s policy on the Loan to Deposit Ratio. Central Bank Governor, Godwin Emefiele, disclosed this during the Monetary Policy Committee meeting...

Inflation May Continue To Rise Till December – CBN       The Central Bank of Nigeria on Tuesday said the country’s increasing rate of inflation over the past several months might continue to witness further increase till December this year. In his address at the opening session of...

Lawmakers To Petition Buhari As Emefiele, Kyari, Others Shun Summons     The House of Representatives has threatened to petition President Muhammadu Buhari over heads of ministries, departments, and agencies of the Federal Government who shun its summons. The House Committee on Public Accounts, at its investigative hearing...