Surging food prices: CBN to distribute 27,000mt of rice to millers
The Central Bank of Nigeria (CBN) and the Rice Farmers Association of Nigeria (RIFAN) have concluded plans to distribute 27,000…
Senate plans talks with CBN on offshore banking licence
The Senate Committee on Trade, Industry and Investment has promised to ensure that the Central Bank of Nigeria grants the…
Nigeria faces import crisis as reserves hit 13-month low
Nigeria’s economy could be leaning against the wind as the country’s external reserves fell to a 13-month low last week,…
ECOWAS shifts launch of single currency to 2027
The Economic Community of West African States (ECOWAS) has adopted a new road map to launch “Eco”, its proposed single…
CBN to sell N722bn treasury bills in Q3 2021
The Central Bank of Nigeria (CBN) says it will sell N722 billion worth of Treasury Bills (TBs) in the third…
NDIC tackles rising fintech-induced risks in financial sector
The Nigeria Deposit Insurance Corporation (NDIC) says it is effectively collaborating with relevant stakeholders to manage risks arising from the…
Nigeria is gradually recovering from effects of COVID-19 – IMF
The International Monetary Fund (IMF) mission to Nigeria says the Nigerian economy has started to gradually recover from the negative…
Nigeria will reduce import by 35 % in Q1 2022 — Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says Nigeria would record about 35 per cent…
World Bank Urges Nigeria to Adopt a Transparent Forex System
The World Bank urged Nigeria to provide a clearer and more predictable foreign exchange management system suggesting that its response…