In a bid to mop up liquidity and prevent speculation in the foreign exchange market, the Central Bank of Nigeria (CBN) on Friday deducted N216 billion from banks accounts as Cash Reserve Ratio (CRR) .

By Arize Nwobu Nigeria’s factor-driven economy which derive more than 80 per cent of federal revenue from oil is by implication exposed to external shocks that can sometimes be drastic. The economy quakes when the global oil market shakes and creates palpable anxiety within government circles and the citizenry, a narrative which the Federal Government […]

By Akanfe Tiri The call by former President, Chief Olusegun Obasanjo, to African governments to embark on massive food production to avoid food crisis after COVID-19 is something that should not be taken lightly. Obasanjo said most African governments have to find how to be self-sufficient in essential food items for the food crisis likely […]

EXECUTIVE Secretary of the Nigerian Shippers Council, NSC, Hassan Bello has called on Central Bank of Nigeria, CBN to give priority to the maritime and logistic sectors as part of measure to boost the non-oil sector of the nation’s economy.

The Central Bank of Nigeria (CBN) has announced that households and Small and Medium Scale Enterprises, SMEs applying for the N50 billion COVID-19 Targeted Credit Facility would not be required to provide guarantors before they can access the credit facility.

The Central Bank of Nigeria, CBN, has slated Treasury Bills, TBs, sales worth N821.8 billion in the third quarter 2020, Q3’20.   This is contained in the apex bank’s latest Nigeria Treasury Bills Issue programme released yesterday.

NIGERIA’S foreign exchange market under the five years of the Muhammadu Buhari Presidency is characterised by two bouts of naira devaluation, each preceded by prolonged period of steady decline in external reserves, triggered by sharp fall in crude oil price, and exit of foreign portfolio investors from the country.

Though in some countries the spread of the COVID-19 pandemic has been slowing down and cases are decreasing, in others, the virus is resurging or continuing to spread quickly. This is still a global problem calling for a global response.

By Akanfe Tiri WHEN the Central Bank of Nigeria, in furtherance of its financial stability mandate, recently came up with the N50 billion Targeted Credit Facility, TCF, as a stimulus package to support micro, small and medium enterprises, MSMEs, in the face of the adverse economic impact of the novel COVID-19 pandemic, not many believed […]

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday reduced its benchmark interest rate, the Monetary Policy Rate (MPR) to 12.5 percent from 13.5 percent, in a bid to stimulate the economy ahead the projected economic recession arising from the impacts of Coronavirus, COVID-19, pandemic.

As part of its efforts to mitigate the impact of coronavirus (COVID-19) on households, businesses and regulated institutions, the Central Bank of Nigeria, CBN, has reduced interest rates on its facilities through participating Other Financial Institutions, OFIs, from nine percent to five percent per annum for one year, effective March 1.

As part of its continued effort to mitigate the impact of the coronavirus (COVID-19) on households, businesses and regulated institutions, the Central Bank of Nigeria (CBN), has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from nine percent to five percent per annum for one year effective March 1, 2020.

By Arize Nwobu THE Central Bank of Nigeria, CBN, has always played central and critical roles in upholding and driving the economy through monetary policies, but it is apparent that the Bank has become more vibrant, proactive, and innovative under the leadership of the present Governor, Godwin Emefiele. With every sense of responsibility, as financial […]

The Central Bank of Nigeria (CBN) has rescheduled it’s Monetary Policy Committee (MPC) meeting from Monday and Tuesday May 25 and 26 to Thursday, May 28.

EXECUTIVE Secretary of the Nigerian Shippers Council, NSC, Hassan Bello has called on Central Bank of Nigeria, CBN to give priority to the maritime and logistic sectors as part of measure to boost the non-oil sector of the nation’s economy.