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Central Bank of Nigeria

CBN Retains Interest Rate At 14 Percent

The CBN Governor, Godwin Emefiele, also reiterated that the bank will increase its foreign exchange interventions by making sure that there is no shortage of forex for business transactions in the country.

CBN Suspends Nationwide Implementation Of Cashless Policy

The initial policy states that the cashless policy is operational only in 6 states of the federation, including Lagos, Ogun, Kano, Abia, Anambra, Rivers and the Federal Capital Territory, FCT, Abuja.

Can More Dollar Supply Stabilise the Naira?

No amount of dollar supply will meet Nigerians explicit and latent demand for dollar, so the only possible measure is the control of its demand.
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CBN Moves To Save Airlines

The Central Bank of Nigeria, CBN, has approved a Special Secondary Market Intervention Retail Sales, SMIS, for airlines operating in the country to enable them to access foreign exchange.

Experts Back Finance Minister’s Call For Interest Rate Cut

Experts in the manufacturing sector have expressed support for the Minister of Finance, Kemi Adeosun's call on the Central Bank of Nigeria, CBN, to lower interest rate so that government can borrow domestically to boost the economy without increasing debt servicing costs.

CBN In $95,000 Foreign PR Contract Scandal

In what is the latest in a trend of frivolous and wasteful spending of tax payers’ money, the apex bank in April engaged the services of APCO Worldwide Inc., a public relations and political consultancy firm based in Washington DC, to help launder the image of President Muhammadu Buhari’s administration and the country in the United States.
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Train attack: How FG met terrorists’ demands for release of abducted passengers

SENIOR Special Assistant to the President on Media and Publicity Garba Shehu has said terrorists that attacked the Abuja-Kaduna...

NNPCLtd. signs contract extension with oil majors, targets $500bn investments

THE Nigerian National Petroleum Company Limited (NNPCLtd) has signed a contract extension with five oil majors, hoping to earn...

Bandits kill two vigilantes in Abuja

TWO vigilante members have been reported dead following an encounter with bandits at Gasakpa community in Gawu Ward, Abaji...

Wike to Atiku: People around you may cost you 2023 presidential election

RIVERS State governor Nyesom Wike has advised candidate of the Peoples Democratic Party (PDP) Atiku Abubakar to be mindful...

Aero Contractors eyes return to commercial operations

Aero Contractors is eyeing a return to commercial operations after the temporary suspension of flights on Wednesday, July 20,...
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