IMF to central banks: Stop financing excessive government debt
The International Monetary Fund (IMF) has urged central banks to refrain from monetising excessive government debt. Debt monetisation is when…
Anchor borrowers: CBN faults IMF’s poor rating
The Central Bank of Nigeria (CBN) has disclosed that N503bn representing 52.39 per cent has been repaid by farmers under…
CBN releases N114bn under 100-for-100 policy
The Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the…
Naira redesign: Cash crunch hits hard on businesses, says report
The lingering struggle for cash has caused a sharp decline in business activities leading to steep reduction in output, with…
Investors Pull $6-Billion Out of Binance’s Stablecoin
Binance’s stablecoin, Binance USD, has seen around $6-billion of outflows following a US regulatory crackdown on the company that issues…
Yellen backs US nominee for World Bank top job
U.S. Treasury Secretary, Janet Yellen, has said that she believes the strong qualifications of the U.S. nominee to lead the…
Only 24% of CBN Anchor Borrowers’ loans repaid – IMF
The International Monetary Fund (IMF) has disclosed that only 24 per cent of loans disbursed under the Anchor Borrowers’ Programme…
Forex inflows into Nigeria’s economy drop by 40% to $26bn
Foreign exchange in flows into Nigeria’s economy fell year-on-year (YoY) by 40 percent to $26.32 billion in the first 11…
CBN appoints Abdulmumin as new spokesman
The Central Bank of Nigeria (CBN) has appointed Isa Abdulmumin as the Acting Director of Corporate Communications Department of the…
MAN frets over excessive taxation in manufacturing sector
The Manufacturers Association of Nigeria (MAN) has once again bemoaned the excessive taxation on businesses in the country, saying it…