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

Net Foreign Exchange Inflow Drops By 31% To $21.8bn   The members of the Central Bank of Nigeria’s, CBN, Monetary Policy Committee, MPC, have called on the apex bank to carry out a comprehensive review of the foreign exchange market operations in the country to determine...

'Why Fed Govt Expenditure Fell To N781bn In August'     The Federal Government’s expenditure fell by 18.76 per cent to N781.61bn in August as a result of compression in capital spending relative to their budget. A member of the Monetary Policy Committee, Prof. Adeola Adenikinju, disclosed this...

Economy Improved Slightly In August - CBN     Economic activities improved slightly in August, compared to July, according to the Central Bank of Nigeria. The CBN said in a report on its last Monetary Policy Committee meeting that the manufacturing and non-manufacturing Purchasing Manager’s Indices showed improvement...

In Two Weeks, External Reserves Gain $280m       The country’s external reserves have returned to a growth path with a gain of $280m in two weeks, the latest figures from the Central Bank of Nigeria have shown. Figures obtained from the CBN on Sunday revealed that the...

CBN Stops Sale Of Foreign Exchange To BDC Operators       The Central Bank of Nigeria has said it will no longer sell foreign exchange to Bureau De Change operators. The CBN Governor, Mr Godwin Emefiele on Tuesday announced this at the end of the Monetary Policy Committee...