In One Month, CBN Injects $1.47bn Into Forex Market
The Central Bank of Nigeria injected $1.47bn into the foreign exchange segment of the market as part of its efforts to stabilise the naira in January.
According to figures from the CBN’s January report on its foreign...
LCCI Concerned Over Rising Inflation, Debt Sustainability
As the country awaits a higher inflation rate for March due for release today,, the Lagos Chamber of Commerce and Industry (LCCI) has expressed concerns about the persistent increase in domestic prices. It noted that continual rise in...
CBN Disburses N1.487trn To Boost Food Security
The Central Bank of Nigeria (CBN) has disbursed N1.487 trillion under its various agricultural programmes to boost food security.
Its Governor, Mr Godwin Emefiele, made this known while presenting the communiqué on the Monetary Policy Committee (MPC) meeting in...
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,...
