Category: Economy

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CBN Assures Of Forex Liquidity During Yuletide

CBN Assures Of Forex Liquidity During Yuletide

The Central Bank of Nigeria (CBN), on Friday assured that there would be adequate foreign exchange supply for those desirous of traveling during the y...
Nigeria’s Records $4.542bn Deficit Balance Of Payments In 2018Q3

Nigeria’s Records $4.542bn Deficit Balance Of Payments In 2018Q3

The Central Bank of Nigeria (CBN) says the nation’s estimated balance of payment turned negative at $4.542bn in the third quarter of 2018 ended Septem...
Nigeria’s November Headline Inflation Rises By 11.28% YoY

Nigeria’s November Headline Inflation Rises By 11.28% YoY

The National Bureau of Statistics (NBS), on Friday, December 14, 2018, published its Consumer Price Index showing that inflation during the month of N...
TSA: Federal MDAs Undertook N13.529tr Transactions In 2017- CBN Report

TSA: Federal MDAs Undertook N13.529tr Transactions In 2017- CBN Report

The Central Bank of Nigeria (CBN), on Wednesday published its 2017 Annual Activity Report, a major highlight of which was the 27.01% rise in the value...
FX Payments For Tuition, Medicals By FG, MDAs Increased By 123% In 2017- CBN

FX Payments For Tuition, Medicals By FG, MDAs Increased By 123% In 2017- CBN

• Monetizes $9.16bn To Federation Account In 2017 The Central Bank of Nigeria (CBN), on Wednesday published its 2017 Activity Report, which showed ...
Nigeria’s Capital Import Drops By 48.21% To $2.85bn QoQ In Q3

Nigeria’s Capital Import Drops By 48.21% To $2.85bn QoQ In Q3

The National Bureau of Statistics (NBS), on Tuesday released the 2018Q3 Capital Importation Report showing total value of capital imported into Nigeri...
BudgIT Seeks Transparency In Local Government Projects

BudgIT Seeks Transparency In Local Government Projects

BudgIT, a civic organization, on Tuesday, December 11, 2018, challenged stakeholders to ensure transparency and openness in the implementation of loca...
CBN injects $210m To Boost Forex Market

CBN injects $210m To Boost Forex Market

The Central Bank of Nigeria (CBN), in continuation of its intervention in the foreign exchange market, has injected another sum of $210m to boost sale...
Naira Devaluation Fears Drive Nigerian Banks Out Of Eurobond Market

Naira Devaluation Fears Drive Nigerian Banks Out Of Eurobond Market

There are indications that four Nigerian banks: FirstBank, Guaranty Trust, Diamond Bank and Access Bank are reducing their appetite to lend and bo...
CBN To Bar Importers Of 41 Items From Operating Bank Accounts In Nigeria

CBN To Bar Importers Of 41 Items From Operating Bank Accounts In Nigeria

The Central Bank of Nigeria (CBN), on Monday moved beyond merely accusing the nation’s banks of circumventing its ban on 41 items from accessing the o...
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