CBN

Coronation Research Weekly Update: CBN goes for growth

Coronation Research Weekly Update: CBN goes for growth

We are accustomed to the Central Bank of Nigeria (CBN) limiting Naira liquidity for fear of upsetting the foreign exchange market. Now the CBN is unafraid of liquidity and is pushing growth – for now. Fixed income rates are falling.  FX This year US$18.79bn has flowed into the NAFEX market with Foreign Portfolio Investment (FPI) […]
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Can CBN save the Naira and save Nigerians?

Can CBN save the Naira and save Nigerians?

THE Naira exchange rate has suffered severe battering in recent times and fallen from about N160 to the present N197=$; even when our national experience suggests a close correlation between deepening poverty and weakening Naira exchange rates.

Growing the Economy

Growing the Economy

The Godwin Emefiele-led Central Bank of Nigeria has improved the fortunes of Nigeria’s agricultural sector, writes Ugonna Orji    The CBN, under Emefiele, has managed to provide the country with a stable exchange rate, moderate inflation and reduce import-substitution, while raising the quantity and quality of home-grown products, transforming Nigeria from a mono to a multi-product economy.

‘CBN’s interventions strengthening naira’

‘CBN’s interventions strengthening naira’

Assistant Director and Head of the Internal Communications Division, Corporate Communications Department, Central Bank of Nigeria, CBN, Mr Sam Okogbue, yesterday stated that the numerous interventions by the apex bank were responsible for the strengthening of the country’s currency and economic development.

CBN and its initiatives to shore up Nigeria’s wobbly economy

CBN and its initiatives to shore up Nigeria’s wobbly economy

Since the coming on board of President Buhari and his fellow “change agents” in the All Progressives Congress (APC) in 2015, one recurring theme in the governance debate remains the fundamental question of how to create national wealth in such a consistent and sustainable way as to rescue the entire economy from its sluggish growth.

‘Kudimoney’ gets CBN license, rebrands to ‘Kuda’

‘Kudimoney’ gets CBN license, rebrands to ‘Kuda’

 In its quest to get rid of the illegal monthly maintenance fees banks charge its customers, a financial technology company, Kudimoney has received a Microfinance banking licence from the Central Bank of Nigeria, CBN. 

Why CBN must conduct regular stress tests on banks

Why CBN must conduct regular stress tests on banks

THIS is an open letter to Godwin Emefiele, the Governor of Central Bank of Nigeria, CBN, on the health of Nigerian banks. The purpose of the piece is not the misery index, even though current levels of inflation and unemployment are at feverish level; the essence is for him to be conducting stress tests on the Nigerian banks bi-annually. This is informed by concerns on the current state of health of the banks, which is causing apprehension among Nigerian depositors over safety of their investments.