Why CBN can’t float exchange rate –Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that despite calls and recommendations by the International Monetary Fund,…
Central Bank of Nigeria
Dangote Refinery’ll reduce import bill by 40% – Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, says Dangote Refinery will reduce Nigeria’s import bill on petroleum products and…
External reserves return to growth path, gain $243.83m
Nigeria’s external reserves rose by $243.83m in 19 days, according to figures obtained from the Central Bank of Nigeria. The CBN revealed…
Vandalism, others push oil firms’ bank borrowing to N5.68tn
The combined bank borrowing of oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry rose…
Oil theft affecting govt finances, naira stability –MPC member
Massive oil theft, among other challenges, is affecting government finances and threatening naira stability. The Central Bank of Nigeria disclosed this in…
CBN, others partner to close infrastructure deficit, raise $37bn
The Governor, Central Bank of Nigeria, Godwin Emefiele, has said the Infrastructure Corporation of Nigeria is signing an agreement with some public…
Crypto transaction: CBN fines three banks N800m
The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country for violating regulations barring…
CBN warns of illegal firms promising outrageous returns
THE Central Bank of Nigeria has warned the public to avoid dealing with unlicensed or illegal financial operators who lure and defraud…
Nigeria’s total debt may hit N50tn – Report
THE Centre for the Promotion of Private Enterprise has said that Nigeria’s debt, including that of the Asset Management Corporation of Nigeria…
CBN imposes heavy sanctions on banks over mutilated notes
The Central Bank of Nigeria has expressed concern over the increasing amount of mutilated banknotes deposited with the apex bank by Deposit…
Emefiele, a serious contender, says Harvard economist
AN Harvard University economist, Oliver McPherson-Smith, has described the Governor of the Central Bank of Nigeria, Godwin Emefiele, as a serious contender…
Nigerians spend $39.66bn on foreign education, medical tourism – CBN report
NIGERIANS spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central Bank of…