Central Bank of Nigeria
CBN attributes economic crises to external factors
The Central Bank of Nigeria (CBN) has again attributed current economic crises to a mix of external factors like slide in crude oil prices, and internal factors such as under-investment in domestic productive sector.
CBN sustains financial inclusion engagements in Lagos
The Central Bank of Nigeria (CBN), at the weekend, engaged entrepreneurs and residents in Lagos on its various intervention programmes meant to stimulate the economy and boost people’s living standards.
Nigeria Central Switch records N64tr electronic deals
As the Nigeria Electronic Fraud Forum (NeFF) meets to review the 2015 Cybercrime Act, the Central Bank of Nigeria (CBN), the banker of last resort, has charged stakeholders to come up with workable policies to enhance the efficiency of electronic transaction...
Economy begins slow recovery from recession
The National Bureau of Statistics (NBS) disclosed yesterday that this contraction, which represented the fifth in the quarterly series, starting from the first quarter of 2016, raised hopes that recovery is on the way.
CBN injects $457 million into forex market
The Central Bank of Nigeria (CBN) started the week with the injection of $457.3 million into the foreign exchange market.
Nigerian economy glimpses dim light at end of tunnel
Suffering from rampant inflation, stalled investment and mass layoffs, Nigeria is still gripped by one of the worst economic crises in its history.
CBN offers $81.2m, as parallel market remains N391
The Central Bank of Nigeria (CBN) yesterday, intervened in the foreign exchange market with $81.2 million, covering invisibles and Small and Medium Enterprises (SMEs) segments.
CBN bans 11 banks from SMEs forex window
The Central Bank of Nigeria (CBN) has banned no fewer than 11 banks from trading in the newly established Small and Medium Enterprises (SMEs) Foreign Exchange Window for making it difficult for customers to access foreign exchange.