2021 Economy Outlook And CBN’s Solutions         The year 2021 is literally here. Suddenly it has become the year for a magic which was initially expected for 2020, but which disappointed due, obviously, to the public health crises of COVID-19 that practically pressured all economies, including...

Labour Drums Support For CBN Over Naira Value     Organized labour has commended the recent measures of Central Bank of Nigeria (CBN) aimed at shoring up the value of the Naira. The Naira recently reversed its depreciation trend in the parallel market, recording N20 gain against the...

Total Credit To Economy Now N19.5trn - Emefiele         Total credit to the economy rose to N19.54 as of the end of November 13, according to the Central Bank of Nigeria. The CBN Governor, Godwin Emefiele, who disclosed this after the Monetary Policy Committee meeting on Tuesday,...

CBN Battles Recession, Raises COVID-19 Facility To N300bn       Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday said the bank would raise its COVID-19-targeted facility from N150 billion to N300 billion in order to accommodate more Nigerians in a bid to cushion the impact...

MPC: Experts Expect No Rise In Interest Rate         Financial experts have said they expect the lending rate to either be retained or reduced at the end of the meeting of the Monetary Policy Committee of the Central Bank of Nigeria on Tuesday. The members of the...

CBN MPC members Express Worry Over High Demand Pressure In Forex         Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the high demand pressure in the nation’s foreign exchange market. The MPC members voiced their concerns at the...