Central Bank of Nigeria

Election observers’ fund: How $6.23 million stolen from CBN was shared

Election observers’ fund: How $6.23 million stolen from CBN was shared

Court documents have revealed intricate details of the alleged theft of $6,230,000 from the Central Bank of Nigeria (CBN) on… Read More

1 year ago

Heritage Bank depositors assured of funds’ protection, to receive N5 million each

The Nigerian Deposit Insurance Commission (NDIC) and the House of Representatives have assured Heritage Bank depositors of the protection of… Read More

1 year ago

Decline in international trade: Nigeria’s letter of credit payments drops by 63% in Q1 2024

Nigeria’s letter of credit payments has descended rapidly by 63 per cent in the first quarter of 2024 compared to… Read More

1 year ago

Why we must return to an orthodox CRR policy

That the new leadership of the Central Bank of Nigeria (CBN) has continued with the asymmetric cash reserve requirement (CRR)… Read More

2 years ago

US inflation falls to 3.3 percent in October

President Joe Biden received some welcome news on Wednesday as the US consumer price index (CPI) fell to 3.3 percent… Read More

2 years ago

Monetary policy — what is to be done?

If we agree that transparency is increasingly of the essence, then the Central Bank must also stop leaning against the… Read More

2 years ago

Beware the CBN Act and the Frumious Bandersnatch

It would seem that despite lofty declarations to the contrary in its enabling statute, the Central Bank of Nigeria (CBN)… Read More

4 years ago

Fitch Revises Nigeria’s Creditworthiness to Stable

International credit rating agency, Fitch, Wednesday says it has reappraised the outlook on Nigeria’s long-term foreign currency Issuer Default Rating… Read More

5 years ago

President Buhari Insists Agric Autarky Policies Have Saved Nigeria

“The problems will not be solved by a strategy which limits Nigeria’s ambition to shutting itself off from the massive… Read More

5 years ago

“This is Ridiculous”: Nigerians React to 100 Dollar Naira Debit Card Spending Limit

We spoke to seven Nigerians about how the new $100 limit is affecting them - they range from Lagos businesswomen… Read More

5 years ago