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Emefiele: Nigeria’s FX Policy Targeted At Preserving Naira Value, Others

CBN Godwin Emefiele
Non- convertibility of currencies pose challenge for FX management, says WAIFEM DG The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday said the objectives of theRead More

CBN: Agriculture Remains Backbone Of Nigeria’s Economy

CBN Godwin Emefiele
Hails strides in maize, cassava production Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, says agriculture remains a strong pillar and saving grace for the Nigerian economy. EmefieleRead More

Lemo: Don’t Blame CBN, Hold Nigerians Responsible For Forex Scarcity

Chairman of Titan Trust Bank, Mr Tunde Lemo
The Chairman of Titan Trust Bank, Mr Tunde Lemo, has stated that the Central Bank of Nigeria (CBN) should not be blamed for the insufficiency of forex in the country.Read More

CBN Has Enough FX To Meet Market Demand, Report Reveals

Central Bank of Nigeria (CBN)
Says inflows from Eurobond, SDR will boost forex supply Amid a spate of measures being put in place by the Central Bank of Nigeria (CBN) to reduce pressure on theRead More

95 Days After Launch, eNaira Wallets’ Download Near 700,000

Central Bank Digital Currency (CBDC), also known as the eNaira
The Central Bank of Nigeria (CBN) digital currency, eNaira, has continued to attract the interest of Nigeria’s banking public at home and across the world, with its total downloads hittingRead More

Nigeria’s Forex Inflow Hits $55.5bn In Seven Months

Central Bank of Nigeria (CBN)
The Central Bank of Nigeria (CBN) has disclosed that Nigeria recorded a foreign exchange inflow of $55.5billion within a seven-month period. It attributed the forex inflow to increased non-oil receiptsRead More

Emefiele Forecloses Monetary Policy Tightening To Boost Recovery, Stimulate Growth

Ex-Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele
Says Nigeria not exposed to effects of US policy normalisation, others Banking industry NPLs drop 4.85%, lowest in 10 years Warns against patronage of loan sharks The Governor of theRead More

CBN Moves To Halt Over-invoicing By Importers

Central Bank of Nigeria (CBN)
Exporters also guilty of under-invoicing Action will preserve Nigeria’s scarce forex The Central Bank of Nigeria (CBN) has taken a major step to arrest the age-long practice of over-invoicing whichRead More

Emefiele Rules Out Further Forbearance Extension For Intervention Loans

CBN Godwin Emefiele
Says it’s time to pay back as economy recovers Urges customers to challenge discretionary bank charges Leaves MPR unchanged at 11.5% The Governor of the Central Bank of Nigeria (CBN),Read More

CBN Partners Payment System Providers, Fintechs to Deepen eNaira Adoption

Central Bank Digital Currency (CBDC), also known as the eNaira
Says apex bank not competing with banks Unveils digital financial inclusion programme for women, youths The Central Bank of Nigeria (CBN) yesterday said it was working with key stakeholders inRead More