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Tag "central bank of nigeria"

12 manufacturing sub-sectors record growth as PMI expands for 13th consecutive month

    12 manufacturing sub-sectors record growth as PMI expands for 13th consecutive month

A report released by the Central Bank of Nigeria on Monday has shown that 12 of the 15 sub-sectors of the manufacturing sector recorded a growth in April. According to

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CBN targets cashless policy with new NCC agreement

    CBN targets cashless policy with new NCC agreement

The Nigerian Communication Commission (NCC) and the Central Bank of Nigeria (CBN) on Tuesday signed a memorandum of understanding (MoU) on mobile money payment system. Speaking at the ceremony in

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CBN: Banks demanding more collateral for corporate loans

    CBN: Banks demanding more collateral for corporate loans

The Central Bank of Nigeria says commercial banks have increased the collateral requirements demanded from all business sizes on new loan applications. In its Credit Conditions Survey report for the

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FACT CHECK: How correct is Melaye’s claim that APC borrowed N11tr in three years?

    FACT CHECK: How correct is Melaye’s claim that APC borrowed N11tr in three years?

Dino Melaye, the senator representing Kogi west, recently said the APC administration has incurred N11 trillion debt in three years as against N6 trillion borrowed by the PDP in 16

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IMF says Nigerians getting poorer, calls for ‘urgent and coherent’ economic policies

  IMF says Nigerians getting poorer, calls for ‘urgent and coherent’ economic policies

The International Monetary Fund (IMF) says Nigerians are getting poorer and that “coherent and comprehensive” economic reforms are urgently needed

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Invest in Bitcoin at your risk, CBN warns

  Invest in Bitcoin at your risk, CBN warns

The Central Bank of Nigeria (CBN) says people who invest in cryptocurrencies do so at their own risk because they

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CBN orders banks to resolve customers’ complaints in two weeks

The Central Bank of Nigeria says commercial banks and other financial institutions must settle customers’ complaints within two weeks. NAN reports

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CBN: Blame banks for bad naira notes in circulation

  CBN: Blame banks for bad naira notes in circulation

The Central Bank of Nigeria (CBN) says commercial banks are to be blame for the bad naira notes in circulation.

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Naira hits year-high amid CBN’s $210m intervention

  Naira hits year-high amid CBN’s $210m intervention

The naira on Monday depreciated to N360 against the dollar at the interbank window, the highest level recorded in 2018.

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PwC says naira may fall to N386/$

  PwC says naira may fall to N386/$

PricewaterhouseCoopers Limited says the naira may exchange at N386 in the second half of 2018. In its 2018 economic outlook

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