CBN To Ban $1.2bn Annual Forex For Milk, Other Dairy Products   The Central Bank of Nigeria (CBN) might have concluded plans to add milk and other dairy products to items on the foreign exchange restriction list with a view to boosting local production, and investment...

In 2 Weeks, Foreign Reserves Gain $53.641m The nation’s foreign reserves rose by $53.641m from $45.046bn on July 1 to $45.099bn as of July 15, the latest figures from the Central Bank of Nigeria have revealed. Records revealed that the reserves, which had suffered significant declines...

FG Bars MDAs From Importing Uniforms, Emefiele Says The Federal Government has order the Ministries, Departments and Agencies to ensure full compliance with the Executive Order 003 and patronise local manufacturers for their textiles and uniforms. The Central Bank Governor, Godwin Emefiele, said this on Thursday,...

CBN Should Be Stricter In Regulation JUST how lax the Central Bank of Nigeria has been in enforcing its writ emerged from its Monetary Policy Committee that recently expressed grave concern over the N8.1 trillion delinquent loans in the banking system. The committee directed the regulator...

In One Month, Foreign Reserves Rise By $294.99m The nation’s foreign reserves rose by $295.12m to $45.087bn as of May 27 from $44.792bn on April 26, the latest statistics from the Central Bank of Nigeria revealed. The reserves, which rose from $43.041bn on December 17, 2018,...

Nigeria Must Be Ready For Next Global Economic Crisis, Says Emefiele Governor of Central Bank of Nigeria, Godwin Emefiele, on Wednesday, said Nigeria must prepare for the next global economic crisis. Emefiele said this while delivering a lecture titled: ‘Beyond the Global Financial Crisis: Monetary Policy...