Nigeria’s oil earnings dip by 2.6% to N3.97trn in 9 months ― CBN
By Michael Eboh Nigeria’s earnings from the oil and gas industry declined by 2.62 per cent to N3.973 trillion in the first nine months of the year, from January to September 2019, according to data obtained from the Central Bank of Nigeria, CBN. The CBN, in its Economic Report for the Third Quarter of 2019, […]
USSD: CBN, stakeholders in dialogue for new pricing regime
As ATCON faults channel By Elizabeth Adegbesan & Chiamaka Uba The Central Bank of Nigeria (CBN) said it is in dialogue with Telecommunications companies (Telcos) and the Nigerian Communication Commission (NCC) for new pricing regime for Unstructured Supplementary Service Data (USSD) and would get back to Nigerians as soon as a decision is made. The […]
Group commends FG, CBN, manufacturers over border closure policy
The Social Integrity Network, (SINET), Wednesday commended the Federal government led by President Muhammadu Buhari, Central Bank of Nigeria and the Manufacturers for taking strong stance on the need to sustain the ongoing land border policy aimed at repositioning the nation’s economy.
Drop In Foreign Reserves: No cause for alarm ―Emefiele
Mr Godwin Emefiele, the Governor Central Bank of Nigeria (CBN) says there is no cause for alarm in the imaginary drop in Nigeria’s Foreign Reserves. Emefiele said this while fielding questions from newsmen after the Monetary Policy Committee (MPC) meeting in Abuja on Tuesday. News Agency of Nigeria (NAN) reports that the Foreign Reserves had […]
CBN retains MPR at 13.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 13.5 percent while other policy parameters remained constant. The CBN Governor, Godwin Emefiele, disclosed this after the MPC’s meeting in Abuja on Tuesday. Emefiele said all the 11 members of the committee attended the meeting […]
Just In: CBN retains MPR at 13.5%
By Babajide Komolafe & Emma Ujah The Central Bank of Nigeria (CBN) has retained its benchmark interest rate, the Monetary Policy Rate (MPR) at 13.5 percent for the fourth time this year. CBN Governor, Mr Godwin Emefiele disclosed this while addressing the press at the end of the Monetary Policy Committee (MPC) meeting today in […]
CBN commences intervention to resuscitate cassava production
CENTRAL Bank of Nigeria, CBN, has announced measures to resuscitate cassava production in the country.
CBN’s fixed income policy boosts investors’ value by over N197bn
STOCKBROKERS and stakeholders have stated that the upsurge currently experienced in the stock market was as a result of a drift in investment by the banks, Pension Funds Administrators, PFAs and other high net worth investors following the Central Bank of Nigeria, CBN’s fixed income policy released recently.
17 years after, Reps probe CBN, NDIC over closure of Savannah bank
Seventeen years Savannah Bank was shut down, the House of Representatives yesterday resolved to investigate the Central Bank of Nigeria, CBN, for withdrawing the operating license of the commercial bank.
CBN’s liquidity mop up to exceed N14trn in 2019
THE liquidity mop-up activities of the Central Bank of Nigeria, CBN, through sale of secondary market treasury bills (TBs) will exceed N14 trillion mark by the end of this year.
Stock market rallies on the back of CBN’s new policy
INVESTORS are now raising their stakes in the equities market following the directive to the deposit money banks by the Central Bank of Nigeria (CBN) to exclude local corporates and individuals from participating in the Open Market Operation (OMO) auctions.
