Currency Outside Banks Above N843bn – CBN   Due to the cash crunch which affected economic activities across the country, the Central Bank of Nigeria (CBN) has disclosed that the currency outside the bank vaults as at the end of February rose to N843.311 billion. This is...

Total Inflows To I&E Window Hit $1.49bn In March   The Central Bank of Nigeria (CBN)’s non-oil exports repatriation rebate scheme appears to be yielding fruits as investigations reveal that inflows into the Investors and Exporters (I&E) window improved in the month of March. According to data...

Book Launch: Danbatta, Kyari, others to Receive Merit Award The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Umar Danbatta and Mr Mele Kyari, the Group Managing Director of Nigeria National Petroleum Company Limited (NNPCL) are among Nigerians to be honoured with merit...

External Reserves Drop By $1.46bn In Two Months - CBN   The country’s external reserves fell by $1.46bn between January and March, figures obtained from the Central Bank of Nigeria have revealed. The reserves ended February 27, 2023 at $36.67bn. Figures obtained from the CBN’s data on movement...

Credit To Private Sector Increase By N212bn In February   The Central Bank of Nigeria (CBN) has disclosed that credit to private sector increased by N212 billion or 0.51 per cent Month-on-Month (MoM) in February to N41.75 trillion as against N41.54 trillion reported in January 2023. The...

Old Notes: CBN Orders Banks to Open Weekends as Emefiele Set to Supervise Evacuation   The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation...