How CBN’s N250bn gas plan will boost LPG consumption – experts
By Obas Esiedesa, Abuja Energy experts have held that the N250 billion gas expansion fund set up by the Central Bank of Nigeria (CBN) would push the consumption of the Liquefied Petroleum Gas, LPG, in the country to over five million metric tonnes, mmt, by the end of this year. The experts also stated that […]
N50bn FAAC shortfall: We declined govs’ request to borrow from CBN — FG
…March allocation fell by N50 billion; govs asked to live within their means — FINANCE MINISTER …Adds govt aims to triple revenue ration to 15% of GDP …NGF deliberately mute on the issue of printing money — FAYEMI By Johnbosco Agbakwuru & Prince Okafor Controversy over claims by Edo State Governor, Godwin Obaseki, that the […]
Whether CBN prints money or not isn’t an issue, APC replies Obaseki, PDP
By Omeiza Ajayi The ruling All Progressives Congress APC has described as a non-issue, allegations that the Central Bank of Nigeria CBN printed between N50 billion to N60 billion to augment the shortfall in the distribution of federation revenues to the three tiers of government in March 2021. APC which stated its position in a statement […]
CBN crashes liquidity mop-up, raises yields on treasury bills
The Central Bank of Nigeria (CBN) drastically reduced its liquidity mop up activities through treasury bills by 81 percent, year-on-year, y/y, to N793 billion in the first quarter of the year (Q1’21).
CBN gets order to freeze 194 accounts in 17 banks
The Central Bank of Nigeria, CBN has secured three separate interim orders from a Federal High Court in Abuja to freeze bank accounts linked to 194 business entities and individuals in 17 banks.
CBN’s policies hinges on sustained GDP recovery
… As intervention funds disbursement hits N2.75trn By Emeka Anaeto, Business Editor In the past six months public debate has been raging over the outcome of the estimated N2.75 trillion public funds spent to counter the economic impact of COVID-19. The debate has also raised the issue of sustainability in the various laudable measures into […]
New CBN Diaspora Policy will boost Foreign Direct Investments – DTCA
By Victoria Ojeme Director General of Directorate of Technical Cooperation in Africa (DTCA), Mr Mahmud Adamu Yahaya has said that the recent Central Bank of Nigeria, CBN policy on Diaspora Remittances will boost Foreign Direct Investments, FDI. Mr Yahaya made this known in Abuja, during a One Day Workshop” even as he explained that Remittances […]
CBN to reduce wheat import by 60% in 2yrs
The Central Bank of Nigeria (CBN) has concluded plans to reduce importation of wheat by 60 percent over the next two years under its import substitution program.
CBN disburses N1.487trn to boost food security
The Central Bank of Nigeria (CBN) says it has disbursed N1.487 trillion under its various agricultural programmes to boost food security.
There’s enough forex for obligations— CBN
*Hold rate at 11.5 % *As Foreign reserve hits $36. 5 b *MPC worries over insecurity in food producing areas Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has assured members of the public that there was enough foreign exchange for them to meet their obligations. The Governor of the bank, Mr. […]
CBN retains MPR at 11.5%, parameters constant amidst policy dilemma
In the midst of confessed policy dilemma and other monetary considerations, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has retained the Monetary Policy Rate at 11.5 per cent. CBN Governor, Mr Godwin Emefiele, who made this known on Wednesday while presenting the communique from the MPC meeting, said that the committee also […]
