As President of the African Development Bank (AfDB), Dr Akinwumi Adesina arrives Nigeria today to hold talks with President Muhammadu Buhari and other key government officials over the country’s economic challenges, the bank said it has committed $524,969 million worth of loans to Nigeria,...

The Minister of Finance, Mrs. Kemi Adeosun, has said that she cannot predict when the nation will get out of the current economic recession. She, however, said that some of the efforts of the government to reflate the economy had started yielding results. The minister, who...

The Central Bank of Nigeria borrowed N140.88bn ($448m) via short-dated Treasury bills at an auction on Wednesday, attracting lower yields across the board, except on the three-month debt that was flat, data from the CBN showed. The CBN sold N28.12bn of the three-month paper at...

In a sign of recovery, $1bn capital inflow recorded in two months CBN Restates need for partial sale of oil assets to boost reserves, reflate economy “I repeat, the worst is over, Nigeria’s economy is on the path of recovery and growth. If you are a...

The Central Bank of Nigeria is planning to borrow the sum of N952.04bn ($3.02bn) with new issues of Treasury Bills from September 15 to December 1, 2016. In its latest TBs issuance calendar, the CBN said it would sell N264.47bn worth of three-month bills, N204.88bn...

The Central Bank of Nigeria (CBN) has said that it would employ every indispensable means whether conventional or otherwise to ensure that the Nigerian economy flourishes, stressing that the bank’s policies are appropriate to set the economy on the right part of development in...