Tag: CBN

“This access will enable the EFCC in tracking all disbursements and ensure proper utilisation,” Mr Olukoyede said.

The two-day conference is organised by the Global Emerging Pathogens Treatment Consortium (GET) in collaboration with the Lagos State Ministry ...

With no clarity on the cause, the shortage of N100 notes has left many questioning the country’s cash supply system

Return on equity stood at 14.6 per cent, compared to 11.9 per cent a year ago.

The court held that the receipt and disbursement of monthly allocations since January 2024 by Governor Siminalayi Fubara of Rivers ...

The financial services group earned 164.6 per cent more in interest income compared to the same period of last year.

"It will catalyze economic growth and advance the Federal Government’s agenda for economic diversification."

Is there a corresponding argument for bringing costs down generally across the country? A massive one, yes. But this is ...

Mr Ibrahim said the food vouchers will be more effective in addressing the hunger crisis ravaging the nation than the ...

A faction of Rivers assembly and its speaker, Mr Amaewhule, loyal to Mr Wike, sought an order of interlocutory injunction ...

The lawmakers asked the CBN to issue more new ₦200, ₦500, and ₦1,000 notes and begin the gradual withdrawal of ...

The CBN plans to improve supply organically without its intervention from time to time while maintaining balance in the market.

According to the minister, inadequate supply has been the major problem with Nigeria’s foreign exchange market.

Mr Edun spoke in response to concerns that the Federation Account Allocation Committee (FAAC) disbursement results in significant pressures in ...

Mr Cardoso explained that CBN anticipated the price increase and used the interest rate hike to cushion its inflationary impact.

"We don't want to get to that point of hyperinflation," he said.

The EFCC claimed that between October 2022 and March 2023, Mr Emefiele illegally approved the printing of currency—specifically the N1,000, ...

The CBN said the FX spot sales was to reduce observed market volatility driven by high demand for commodity importation ...

The bank said the new system would be implemented not later than 1 December, 2024.

"We inherited a reserve of over $33 billion 16 months ago. Since then, we have paid back the inherited forex ...

The world is witnessing and benefiting from the can-do spirit of the Nigerian people, our massive intellectual capacity, and our ...

“With the increase in borrowing costs, manufacturers will now pay over 35 per cent on their credit facilities. Clearly, this ...

The CBN on Tuesday raised its benchmark lending rate by 50 basis points to 27.25 per cent.

"We must recognise that without resolving the underlying economic fundamentals, we will continue to sub-optimise," Mr Cardoso said.

It cited instances of widespread misinterpretation and misrepresentation by stakeholders and the media as the reason for the withdrawal