‘How financial system has greatly evolved with FSS’
The relentless implementation of the Financial System Strategy 2020 (FSS2020), despite challenges, has seen the nation’s financial system gradually evolve into transactions efficiency.
Reserves hit $40b, forex market gets $210m boost
The nation’s foreign exchange reserves yesterday hit $39.7 billion, after gaining about $1.6 billion in the last one week.Governor of the Central Bank of Nigeria (CBN) Godwing Emefiele had last week Tuesday disclosed that the reserves were at $38.2 billion.
CBN revives N550b non-oil export facility
The Central Bank of Nigeria (CBN) stepped up its development intervention in the economy as it disclosed yesterday that N500 billion Export Stimulation...
Caution optimism and Nigeria’s economy
The Central Bank of Nigeria (CBN), at its last Monetary Policy Committee meeting, retained all rates for a period of 16 months, since July 2016 when it adjusted it upwards from 13 per cent to 14 per cent. The move was more of a “single dose” approach to multiple challenges facing an economy soon to…
Transform economic adversity into opportunities, Emefiele tasks graduates
The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has challenged graduating students of the University of Nigeria, Nsukka...
Why CBN retains rates, by Godwin Emefiele
CBN Governor Godwin Emefiele, who disclosed this in an exclusive interview with The Guardian in Abuja, also explained that industry operators actually preferred that be retained to avoid exchange rate fluctuations.
How Art X Lagos achieved Africa’s premier fair status
The Civic Centre, Victoria Island, Lagos, was the centre of attraction last weekend, when the second edition West Africa’s number one art fair, Art X Lagos, returned.
‘CBN yet to receive Barclays Bank’s official pull-out letter on 9Mobile sales’
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said that the apex bank is yet to receive any letter from Barclays Bank announcing its withdrawal from the bidding process for the sale of 9Mobile.