THE declining fortune of the naira in the Investors and Exporters (I&E) window is expected to continue this week even as the Central Bank of Nigeria (CBN), in a bid to defend the nation’s currency injected $540 million into the window in July.

Victor Ogunyinka The Central Bank of Nigeria (CBN) has issued guidelines on disclosure and transparency Consumer Protection Framework (CPF). The guidelines, according to CBN is to give effect to the Disclosure and Transparency Principle contained in the Consumer Protection Framework (CPF) for institutions regulated by the CBN. The Guidelines provide minimum Disclosure and Transparency requirements […]

DIVIDEND pay-out in banks rose 12.6 percent for their financial year ended December 2018 despite the dividend restriction policy introduced by the Central Bank of Nigeria, CBN. About nine banks scaled the CBN hurdle while four were caught napping.

I CAN’T meet my demands anymore and even those not on our bills are begging us to supply them, even from as far as China. So, we are saving Nigeria a lot of foreign exchange. So, the restriction on forex is good for the local industry because we are now being pushed to do more.”

A Central Bank of Nigeria, CBN, survey report has shown that business’ confidence in the country’s macro economy rose by 0.8 basis point to 28.1 index points in July from 27.3 index points in June.

ANALYSTS at Vetiva Capital Management Limited have projected 8.6 percent growth banks’ lending in 2019.

Anks’ lending to the agricultural sector is lagging behind the seven percent target of the Central Bank of Nigeria (CBN) for the sector by 2021.

THE discourse, this week, relates to the implications of the CBN Governor’s plan for banks “to increase their capital base above the present N25bn”, which incidentally, was equivalent, to $195m (N127-N130=$1) in 2004, but has become seriously eroded to barely $75m today! Notwithstanding, CBN Governor, Godwin Emefiele did not reveal how the inexplicably, battered Naira Exchange Rate, which is actually, the prime cause of the sliding value of the capital base of Nigerian banks will be rescued.

The Cemtral Bank of Nigeria (CBN) has announced a new policy to end of milk into the country  just as it assured that the bank was ready to provide loans for those who want to go into cattle business.

PORT HARCOURT— The Central Bank of Nigeria, CBN, has said its target is to revive the nation’s textile industry as well stop all form of capital flight through the importations fabrics. 

Dr Samuel Nzekwe, a former president of the Association of National Accountants of Nigeria(ANAN) says the country’s economy will get a boost if the CBN Monetary Policy Committee agrees to reduce monetary instruments.

By Henry Boyo THE CBN Governor, Godwin Emefiele, reportedly, laid out to journalists, the outline and objectives, of the proposed five years (2019-2024) Policy Thrust of the CBN, in a detailed statement, on Monday, June 24, 2019 in Abuja. IMF warns rising debt makes economy more vulnerable(Opens in a new browser tab) Emefiele announced that […]

Report by the National Bureau of Statistics, NBS, is a pointer to the emerging trend in the Nigeria’s external sector, principally the export sector, and specifically the non-oil exports.

Central Bank of Nigeria (CBN) on Friday said it is in partnership with churches and mosques in the promotion of financial literacy in the country.

ABUJA—PRESIDENT Muhammadu Buhari, yesterday, attributed the rising security challenges in Africa to those who profit from illegal financial activities.