The Central Bank of Nigeria, CBN, yesterday, warned that the nation’s economy may relapse into another recession, citing the N2.5 trillion budget deficit recorded by the Federal Government in six months and other factors as major threats to a fragile economic recovery.

Major stakeholders in banking and finance, on Monday disagreed with the Senate over its proposed amendment of laws on the regulation and supervision of Micro Finance Banks (MFBs) in the country.

THE impact of expected increased fiscal spending on inflation and the need to sustain foreign exchange inflows from foreign investors will influence the outcome the Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC)’s meeting holding today and tomorrow.

MANUFACTURERS Association of Nigeria, MAN, has proposed the expansion of the scope of Central Bank of Nigeria’s Anchor Borrowers Programme (ABP) to further boost production of key commodities and stabilize inputs supply to agro processors. Recall that the ABP scheme was introduced by CBN almost two years ago to boost domestic food production and save the country’s capital outflow as a result of about N1 trillion annual food import bill.

Dr Biodun Adedipe, the Chief Consultant in Biodun Adedipe Associates, says the Central Bank of Nigeria (CBN) has the capacity to sustain ongoing interventions in the foreign exchange.

The naira yesterday appreciated to N362.21 per dollar at the Nigeria Autonomous Foreign Exchange Market (NAFEX) window, even as the Central Bank of Nigeria (CBN), injected $195 million into the interbank foreign exchange market.

The Central Bank of Nigeria (CBN), Monday, intervened in inter-bank Foreign Exchange Market with the supply of 195 million dollars as part of its efforts to stabilise the market.

The Central Bank of Nigeria (CBN), has injected $195million into the inter-bank segment of the foreign exchange market, continuation of its drive to ensure the stability of the exchange rate.

HE Central Bank of Nigeria (CBN) will this week continue its tight monetary policy by issuing treasury bills to mop-up N238 billion.

HAVING witnessed massive capital depletion while the economic downturn persists, a segment of the insurance industry, especially the fringe players are now lobbying the regulatory authorities to have access to their statutory deposit lodged in the Central Bank of Nigeria, CBN.