Two financial experts, Dr Samuel Nzekwe and Dr Titus Okurounmu, on Wednesday commended the Federal Government for reducing the benchmark lending rate from 14 per cent to 13.5 per cent.

 Justice Nathaniel Ayo-Emmanuel of the Federal High Court, Ibadan, on Tuesday dismissed the objection raised by the second defendant, Muniru Olaniran,  in the  N8 billion CBN currency scam case.

Microfinance Bank operators in the country have commended the Central Bank of Nigeria, CBN, for reviewing the minimum capital requirement for the industry as well as the extension of the recapitalisation deadline.

IN spite of the two months consecutive decline in inflation rate, improved stability of the exchange rate and decline interest rate on fixed income instruments, the Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, is expected to retain the Monetary Policy Rate, MPR, and other benchmark rates at same level at the end of its 266th meeting holding today and tomorrow.

CONSIDERING the characteristics of the Nigerian economy which had made it to be resistant to guidance and discipline and remained factor-driven for 58 years, the Central Bank of Nigeria, CBN, deserve commendation for evolving and implementing policies that tend towards reinventing the structure of the economy to improve local production, expand the country’s industrial base and create more employment, a development that needs to be sustained going forward

AHEAD of the anticipated inauguration of the second tenure of President Muhammadu Buhari, the Central Bank of Nigeria, CBN, has taken another bold step towards the actualisation of the nation’s economic diversification agenda by shifting the focus of the highly successful Anchor Borrowers’ programme to the palm oil sector. Rice production had taken the main benefit of the programme introduced in November 2015.

The National Union of Textile, Garment and Tailoring Workers of Nigeria, NUTGTWN, has lauded the Central Bank of Nigeria, CBN, for banning sales of foreign exchange to importers of textile materials, arguing that the action will not only protect efforts at reviving the local industry but protect the industry against unscrupulous elements.

The Governor, Central Bank of Nigeria (CBN) Mr Godwin Emefiele on Monday said that over five hundred million dollars was being spent annually on importation of palm oil.

THE steady decline in interest rates on treasury bills, TBs, offer in the primary market since last month is expected to continue this week when the Central Bank of Nigeria, CBN, roll over N48.6 billion worth of maturing bills.

Comrade lssa Aremu, General Secretary, National Union of Textile, Garment and Tailoring Workers of Nigeria, (NUTGTWN) has lauded the Central Bank of Nigeria (CBN) for banning sale of Forex to  importers of textile materials.

Mr Issa Aremu, the General Secretary, National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN) has commended the Central Bank of Nigeria (CBN) for the  ban on sale of FOREX.

As the central bank and apex monetary authority of the country, the major regulatory objectives of the Central Bank of Nigeria (CBN) as mirrored in the institution’s enabling Act are to maintain the external reserves of the country, promote monetary stability, a sound financial environment and to act as a banker of last resort.

Barely three months to the end of Central Bank of Nigeria, CBN governor, Godwin Emefiele, tenure, United Action towards Building Institutions in Nigeria, UATBIN, has warned against renewing his term.

The Central Bank of Nigeria (CBN) has imposed foreign exchange restriction on importation of textile and textile materials into the country.

The Central Bank of Nigeria, CBN, has directed commercial banks and Bureau the Change operators to, immediately, stop sale of forex to import textiles and clothing materials in the country.