Nigeria’s inflation dips to 17.93%
Nigeria’s inflation rate dropped to 17.93% in May 2021 from 18.12% recorded in April 2021. The National Bureau of Statistics…
CBN to mint currency for The Gambia
The Central Bank of Nigeria (CBN) has agreed in principle to mint The Gambian Dalasi. CBN Governor Godwin Emefiele agreed…
BDCs, Banks to Get More Dollars As Committee Agrees On Supply Increase
THE Bankers’ Committee has agreed to support the Central Bank of Nigeria’s latest effort aimed at ensuring dollars are available…
Minister of Finance Warns of Exceeding Borrowing Threshold for 2021
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has admitted that the federal government is exceeding its…
World Bank upgrades Nigeria’s economic growth forecast to 1.8%
The World Bank on Tuesday upgraded its economic growth forecast for Nigeria in 2021 to 1.8 per cent, citing higher…
CBN Increases Forex Allocation to Banks
The Central Bank of Nigeria (CBN) yesterday announced the increase of foreign exchange (forex) allocations to banks to meet the…
Electronic Payment Transactions Hit N21.27tn in May
Transactions across various electronic payment channels rose marginally by 0.38 per cent to N21.27 trillion in May 2021, up from…
Covid-19: CBN disbursed N253bn to households, SMEs
The Central Bank of Nigeria (CBN) has disbursed N253 billion to 548,345 beneficiaries as part of its response to the…
‘Depend Less on Oil Allocations’, CBN Tells State Governors
The Central Bank of Nigeria, CBN has urged the 36 States Governors in the country, to depend less on oil…
Afreximbank, NEXIM announce US$750,000 grant to improve Nigeria’s inland Waterways Operations
African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) have announced a US$750,000 grant to support the charting of the…