Analysts Forecast Higher Inflation Rates
Economists and development analysts at the Centre for the Study of Economies in Africa (CSEA) have projected that the nation’s inflation rate may surge further in the months ahead as the various fiscal stimulus packages deployed to combat the pandemic...
Banks At Risk Of Loan Default - CBN Deputy Gov
The Deputy Governor, Financial Systems Stability Directorate, Central Bank of Nigeria, Aishah Ahmad, has said banks face imminent risk of loan default from exposure to oil-related lending.
However, Ahmad, who is also a member of the...
In Four Months, Foreign Reserves Shed $5.09bn
The country’s foreign reserves have continued its downward trend, dropping by $5.09bn from $38.53bn on January 2, 2020 to $33.44bn as of April 28, 2020, latest statistics from the Central Bank of Nigeria have revealed.
According to the figures,...
Debt: MPC Raises Concerns As Servicing Gulps N2.45trn
The Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) has raised concerns over Nigeria’s rising debt and debt service cost.
An MPC member, Okwu Nnanna, said in his personal note at the last MPC meeting in Abuja...
Capital Flow, Inflation Top Agenda At MPC
Members of the Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) will today converge on Abuja for a two-day meeting.
They are expected to take measures for more foreign capital inflow and curtail capital flow reversals and rising...
N8.1trn Bad Loans: Develop Recovery Framework, MPC Urges CBN
The Monetary Policy Committee of the Central Bank of Nigeria has directed the apex bank to develop a comprehensive administrative, legal and regulatory framework to speed up the recovery of delinquent loan facilities in the banking...
