The Presidency on Wednesday vowed to take all necessary measures to recover the $7 billion which the Central Bank of dashed commercial banks in 2006 as bailout cash.

LAGOS—A Lagos based businessman, Otunba Adejare Rewane Adegbenro has commended the roles of the Central Bank of Nigeria, CBN, under its Governor, Mr. Godwin Emefiele in revamping the economy, saying the CBN has ensured strict implementation of President Muhammadu  Buhari administration’s economic policies that drive growth and sustainability in the country.

THE quest for cheaper funds by corporate bodies and fear of non-performing loans by banks have triggered a boom in the market for Commercial Papers, CP, with the market growing by 270 percent in the third quarter of the year (2018).

WITH dollar inflow into the Investors and Exporters window, I&E, falling by 42 percent in October, and the external reserves maintaining its downward trend, losing another $2.639 billion since the last meeting of the Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, in September, economic analysts have projected that the committee, at the end of its meeting this week, will maintain its policy rates in deference to the need to sustain dollar inflow from foreign portfolio investors in the nation’s debt market with a view to forestall the declining trend in the reserves and demand pressure in the nation’s foreign exchange market. 

The Central Bank of Nigeria (CBN) on Saturday rescheduled the Nov. 19 meeting of the Monetary Policy Committee (MPC) to Nov. 21 and 22 to accommodate the Eid-El Maulud celebrations.