Currency Swap: Deal’ll Prevent Substandard Products Importation Says CBN The Central Bank of Nigeria on Wednesday said it was not possible for any importer to bring in substandard products into the country under the currency swap agreement recently signed with the People’s Bank of China. The...

Inflation Rate Faces Risks, Say Emefiele, Others The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the nation may see a reversal of the decline in inflation rate if the risks threatening favourable macroeconomic conditions are not addressed. In a communiqué of...

Currency-in-Circulation Drops To N1.668 Trillion   The total value of currency-in-circulation in the country reduced by N269 billion year-on-year to N1.668trillion as of the end of March thisyear, down from the N1.937 trillionrecorded in February 2018, the Central Bank of Nigeria (CBN)revealed in its latest money...

World Bank Meeting: Adeosun, Emefiele Join Experts At IMF   The Minister of Finance, Mrs Kemi Adeosun and Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, left Nigeria for Washington DC on Sunday to join other economic experts from around the world to discuss issues affecting...

CBN, NCC Sign MoU To Drive Financial Inclusion   As part of moves to strengthen mobile money segment of Nigeria’s information and communications technology (ICT) sector, the Nigerian Communications Commission (NCC), and the Central Bank of Nigeria (CBN), have signed a Memorandum of Understanding (MoU). Inked by...

Nigeria’s External Reserves’ll Soon Hit $50bn Says Emefiele   The Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, yesterday, predicted that the nation’s foreign reserves would soon hit $50 billion mark. He made the prediction while speaking at the 25th CBN seminar for Finance...