Economy shrank in May amid low purchasing power – CBN
The Purchasing Managers Index revealed that the Nigerian economy contracted in May, according to data obtained from the Central Bank of Nigeria on Thursday. The
Tag : CBN
Only Dangote, BUA, Golden can import sugar, says CBN
The Central Bank on Nigeria has restricted the importation of sugar into the country to three companies: BUA Sugar Refinery Ltd, Dangote Sugar Refinery Plc,
External reserves slide further, lost $905.5m in June – CBN
The country’s external reserves maintained a downward trend as it lost $905.5m in June, figures obtained from the Central Bank of Nigeria showed on Thursday.
World Bank, CBN fully funding six million meters – FG
The World Bank and the Central Bank of Nigeria are fully providing funds for the estimated six million electricity meters required to close the metering
External reserves dropped by $640m in May – CBN
The country’s external reserves lost $640m in May, falling to $34.24bn on May 28 from $34.88bn as of April 28. Figures obtained from the Central
Bank deposits rose by N6.95tn in one year – CBN
Bank deposits rose by N6.95tn between February 2019 and February 2020, the Central Bank of Nigeria said. The CBN disclosed this in its report on
Foreign Direct Investment declined by $30m in January – CBN
Foreign Direct Investment dipped by 33.3 per cent which amounted to $30m in January, latest statistics obtained from the Central Bank of Nigeria revealed on
External reserves lose $350m in 2 weeks –CBN
Nigeria’s external reserves lost $350million in two weeks, falling to $34.9billion on April 29 from a high of $35.25billion as of April 16. Figures obtained
External reserves lost $350m in two weeks, says CBN
The country’s external reserves lost $350m in two weeks, falling to $34.9bn on April 29 from a high of $35.25bn as of April 16. Figures
CBN and corporate malpractice cover-up
Until last week, many Nigerians without insider knowledge of what goes on behind the banking halls, thought the country could count on a stable financial
