13 Banks Generate N2.04trn Interest From Customers Loans, Securities Investment   A total of 13 banks generated N2.04trillion interest from customers loans, Securities investments, among others in first half year ended June 30, 2022 on the back of Central Bank of Nigeria (CBN) hike in the...

Our Interventions To Promote Economic Growth Will Continue: CBN to IMF   The Central Bank of Nigeria says it will continue to intervene in development finance to support the growth of the economy. The CBN Governor, Godwin Emefiele disclosed this while reading the communiqué of the first...

CBN Retains Lending Rate, Says Economic Recovery Still Fragile       The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate at 11.5 per cent. The CBN Governor, Godwin Emefiele, who disclosed this after the committee’s two-day meeting in Abuja also...

Economy sustains recovery with 0.51% GDP growth in Q1 Nigeria’s economy appears to be on sustained recovery from recession as the Gross Domestic Product (GDP) grew by 0.51% (year-on-year) in real terms in the first quarter of 2021 (Q1’21). This marks two consecutive quarters of...

Rising Inflation May Push CBN To Hike Interest Rates         The Central Bank of Nigeria (CBN) may be forced to adjust its hold-down position and increase benchmark interest rate as inflation surged by its largest rise in eight years to 15.75 per cent. Most analysts said they...

CBN Disbursements On 3.1m Projects Rise To N6.01trn         The Central Bank of Nigeria’s financial disbursements on about 3.1 million projects have risen to N6.01tn, the apex bank has said. It was learnt that the over three million projects were financed through 29 interventions, while the bank...