CBN holds interest rate at 11.5%, says inflation will drop in 2022
The Central Bank of Nigeria (CBN) on Tuesday said inflation will drop in 2022 as it retained interest rate at ...
Tag: CBN
CBN: How Nigeria’s forex inflow hit $55.5bn in seven months
Nigeria has recorded a foreign exchange inflow of $55.5bn in seven months. This is according to data obtained from the ...
Foreign inflows drop by 32% as UK, S/Africa slash Nigeria investments
The capital importation into the country fell by 32 percent to $500m in October 2021, from $660m recorded in September, ...
Buhari unveils world’s biggest rice pyramids on Tuesday
President Muhammadu Buhari will on Tuesday, unveil the Central Bank of Nigeria (CBN) huge Rice Pyramids in Abuja. The News ...
CBN: eNaira will aid offline, cross-border payment solutions
The Central Bank of Nigeria (CBN) has stated that the eNaira’s fourth phase will lead to offline and cross-border payment ...
Firms, households get N3trn loans in one year – CBN
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed that N3 trillion worth of loans have been ...
IMF to CBN: eNaira is threat to commercial bank deposits
The International Monetary Fund (IMF) has said the eNaira wallet poses a threat to deposits in commercial banks and carries ...
Forex: Osinbajo, Emefiele disagree over synergy between fiscal, monetary authorities
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disagreed with the position of vice president Yemi Osinbajo ...
eNaira attracts 78,000 merchants from 160 countries
The Central Bank of Nigeria (CBN) says the recently launched eNaira has attracted 78,000 merchants from over 160 countries. In ...
Emefiele: Nigeria’s foreign reserves to hit $42bn next year
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has projected that Nigeria's foreign reserves will exceed the ...