COVID-19 interventions represent 3.5% of GDP – CBN
The interventions introduced to minimise the impact of COVID-19 on the economy represented about 3.5 per cent of the country’s Gross Domestic Product (GDP). The
Tag : CBN
Why Nigeria needs digital currency – CBN
The Central Bank of Nigeria has explained the economic implications and importance of a centralised and regulated digital currency in Nigeria. The apex bank had
FG recorded N150.36bn fiscal deficit in April- CBN
The Federal Government recorded a fiscal deficit of N150.36bn in April, after recording an aggregate expenditure of N559.67bn and retained revenue of N409.31bn. Figures obtained
No reversal of ban on sales of forex to Bureaux De Change – CBN
The Central Bank of Nigeria says it will not reverse its decision to ban the sales of foreign exchange to Bureaux De Change (BDCs). CBN
Non-performing loans declining but remain above benchmark – CBN
The non-performing loans in the banking sector slightly declined from 5.8 per cent in May to 5.7 per cent in June, showing more resilience in
Why we’ll not convert forex in domiciliary account to naira – CBN
The Central Bank of Nigeria has assured members of the public that it will not convert the foreign exchange in the domiciliary accounts of customers
E-naira: CBN urges banks to strengthen operational capacity
Deputy Governor, Operations Directorate, Central Bank of Nigeria (CBN), Mr Folashodun Shonubi, has urged Deposit Money Banks (DMBs) to strengthen their operational capacity to effectively
Remittances: Senate accuses NNPC, CBN, others of underpayment
The Senate on Wednesday accused Government Owned Enterprises of worsening the current dwindling revenues in the country by engaging in spending spree instead of remitting
Food imports gulped $1.04bn in six months, says CBN
The foreign exchange supplied by the Central Bank of Nigeria for the importation of food products into Nigeria rose by 23.81 per cent to $1.04bn
SMEs have potential to reduce unemployment, enhance economic growth – CBN
Dr Aniefiok Umoren, Zonal Coordinator, South-South and South-East, Development Finance Activities, Central Bank of Nigeria (CBN), says Small and Medium Scale Enterprises (SMEs) have the
