Relief coming with more forex, reduced inflation — CBN, NESG
The Central Bank of Nigeria, CBN, the Nigeria Economic Summit Group (NESG), along with the World Bank, the International Monetary Fund (IMF) and economy experts yesterday indicated that the Nigerian economy will achieve some stability leading to a reduction in the inflation rate, unemployment and poverty.
Nigeria lost $1.4bn in 8 years over CBN’s ban on 43 items – Cardoso
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso Nigeria lost a total of $1.4bn in 8 years over CBN’s ban on 43 items.
CBN plans new round of recapitalisation for banks
The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs).
Extend old naira notes’ lifespan, govt tells Supreme Court
The Federal Government has urged the Supreme Court to extend the period that the old naira notes remain in circulation.
Reps move to reduce powers of CBN Governor
A Bill to create the position of Chairman of the Board of the Central Bank of Nigeria separate from the position of the Governor scaled second reading in the House of Representatives.
Let Emefiele breathe
Yesterday, Wednesday 8 November, 2023, the former central bank governor Godwin Emefiele was granted bail by the High Court of the FCT, Abuja.
