Expert Expects Retained Rates As CBN Holds MPC       Ahead of the two-day Monetary Policy Committee meeting starting on Monday (today), a financial expert has said the Central Bank of Nigeria is expected to retain the Monetary Policy Rate. The CBN had at its meeting in May...

Vulnerable Borrowers Received 37.72% Of Bank Loans – CBN       Vulnerable borrowers benefitting from the Central Bank of Nigeria’s COVID-19 forbearance hold about 37.72 per cent of the entire banking industry loan portfolio as of April. A member of the Monetary Policy Committee, Robert Asogwa, said this...

Manufacturing Sector Rose Slightly In April     The manufacturing sector recorded marginal growth as the Purchasing Managers’ Index rose to 49.0 index points in April from 48.8 index points in March. The Central Bank of Nigeria disclosed this in a report by the Monetary Policy Committee. It said,...

External Reserves Declined By $640m In May – CBN       The country’s external reserves lost $640m in May, falling to $34.24bn on May 28 from $34.88bn as of April 28. Figures obtained from the Central Bank of Nigeria on Tuesday revealed that the reserves had been fluctuating...

CBN’s MPC Members In Policy Dilemma Over Growth, Inflation       The members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria, CBN, have indicated that the apex bank’s meeting in March was largely concerned with the twin problem of growth stimulation of economic...

We Disburse $80m Weekly For School Fees, BTAs, Says Emefiele       In view of the lingering foreign exchange scarcity in the country, the Central Bank of Nigeria has urged Nigerians not to panic, saying there is enough forex for business owners, travellers and parents with students...