Category: Economy

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CBN Intervenes In Forex Market With $210m

CBN Intervenes In Forex Market With $210m

The Central Bank of Nigeria (CBN), on Tuesday said it injected another $210m into the interbank segment of the Foreign Exchange Market. According to...
Currency In Circulation Drops By 4.63% To N2.014tr In June- CBN

Currency In Circulation Drops By 4.63% To N2.014tr In June- CBN

New data by the Central Bank of Nigeria (CBN), on Tuesday, showed that the value of currency outside of bank vaults in the country fell to its lowest ...
Christine Lagarde, 63, Exits IMF, Eyes Euro Central Bank Presidency

Christine Lagarde, 63, Exits IMF, Eyes Euro Central Bank Presidency

The Executive Board of the International Monetary Fund (IMF), on Tuesday, accepted the resignation of Ms. Christine Lagarde, 63, as Managing Director ...
Nigeria’s June CPI Drops To 11.22%, As Food, Core Inflation In Marginal Slip

Nigeria’s June CPI Drops To 11.22%, As Food, Core Inflation In Marginal Slip

Nigeria’s Consumer Price Index (nflation) for the month of June 2019 dropped by a marginal 0.18% to 11.22% from the previous month’s 11.40%, helped by...
Umuchinemere MFB Grants N565.58m Loans In 6 Months

Umuchinemere MFB Grants N565.58m Loans In 6 Months

• Seeks Special Court To Try Loan Defaulters The management of Enugu based Umuchinemere Pro-credit Micro Finance Bank Limited (UPMFB), at the weekend...
CBN Boosts Retail SMIS With $298.71m, CNY39.69m

CBN Boosts Retail SMIS With $298.71m, CNY39.69m

The Central Bank of Nigeria (CBN) says it has made another intervention in the retail Secondary Market Intervention Sales (SMIS) to the tune of $2698....
Nigerian Mint Nets N14.3bn Profit, Appointed Sole Printer Of e-Passports

Nigerian Mint Nets N14.3bn Profit, Appointed Sole Printer Of e-Passports

In its bid to further conserve scarce foreign exchange, enhance local capacity and sustain domestic jobs, the Federal Government, on Thursday appointe...
CBN Tasks Uniformed Agencies On Long-term Contracts For Textile Firms

CBN Tasks Uniformed Agencies On Long-term Contracts For Textile Firms

Targets Zero Cotton, Garment Import By 2020 The Central Bank of Nigeria (CBN), on Thursday, set a 2020 target as part of its commitment to ensuring t...
98m Nigerians are Multidimensionally Poor, Says New UNDP Report

98m Nigerians are Multidimensionally Poor, Says New UNDP Report

A new report by the United Nations Development Programme (UNDP) on Thursday, July 11, 2019, shows that the traditional concept of poverty is outdated ...
CBN Limits Standing Deposit Facility Of Banks To N2bn Daily

CBN Limits Standing Deposit Facility Of Banks To N2bn Daily

As part of compelling the nation’s banks to perform their financial intermediation roles especially to the private sector, rather than concentrating o...
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