The currency in circulation in the country dropped to N2.78 trillion in February from N2.83 trillion as of January 2021 – a N50 billion different.The figures obtained from the Central Bank of Nigeria disclosed that the Read More
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The International Monetary Fund has said that it may revise its 2021 outlook for Nigeria’s economy upwards from 1.5 percent it projected earlier.IMF said the revision would come the next round of its projection this Read More
The Central Bank of Nigeria has said it disbursed at least $80m on a weekly basis to enable Nigerians meet their forex responsibilities. This was as part of an effort to address lingering foreign exchange Read More
As at the end of February 2021, banks’ credit to the economy rose to N43.67 trillion from N42.92trillion in January – an addition of N75billion.The Central Bank Governor, Godwin Emefiele, who disclosed said, “Read More
The Central Bank of Nigeria has said it’s disbursed N1.487 trillion under its various agricultural programmes to boost food security.Emefiele said that the apex bank disbursed N107.60 billion to 548,109 farmers cultivating 703,619 hectares of Read More
The Monetary Policy Committee of the Central Bank of Nigeria has voted to retain the monetary policy rate at 11.5 percent.The committee also retained the liquidity ratio at 30 percent and cash reserve ratio Read More
In a move that effectively marks the third devaluation of the naira in a year, Nigeria has adopted a new flexible exchange-rate policy for official transactions.The Federal Government will begin to use the flexible Read More
As at December 31st 2020, over N3 trillion out of the N4.2 trillion intervention funds disbursed by the Central Bank of Nigeria are outstanding.This is a total of 72.5 percent yet to be reimbursed to the Read More
As part of measures to reduce the effect of the COVID-19 pandemic, the Central Bank of Nigeria has disbursed N149.21 billion to 316,869 households across the country.After meeting required guidelines, the funds were disbursed through Read More
The Central Bank of Nigeria said it has disbursed the sum of N253.54 million to five researchers for the development of Nigerian COVID-19 vaccines and vaccines for other diseases.The CBN Governor, Mr. Godwin Emefiele, Read More