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CBN Increases Interest Rate To 15.5%

The Central Bank of Nigeria has raised the Monetary Policy Rate (MPR), which measures interest rate, to 15.5 percent from 14 percent.CBN Governor, Godwin...

CBN and the lost fight against Inflation

By Adefolarin A OlamilekanThe global economy is currently uninspiring as it is still under the sieges of inflation. That demonstrates a spike in over 9%...

Inflation: CBN not doing enough, says Chapel

The Correspondents' Chapel of the Nigeria Union of Journalists in Akwa Ibom has said that most policies of the Central Bank of Nigeria, CBN...

CBN moves against defaulting Anchor Borrowers

The Central Bank of Nigeria (CBN) has moved against beneficiaries of its Anchor Borrowers Programme who have failed to pay back their loans.The NIRSAL Microfinance...

CBN Releases $265m To Airlines

The Central Bank of Nigeria (CBN) has released the sum of $265 million to airlines operating in the country to settle outstanding ticket sales...

CBN Unveils E-Naira USSD Code

The Central Bank of Nigeria (CBN) has unveiled the *997# USSD (Unstructured Supplementary Service Data) code in Kano State as part of efforts to...

We’re working to avert further Naira fall – CBN

With an escalating demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has assured that it...

CBN Clarifies Stand on Using Naira To Buy US Dollar

The Central Bank of Nigeria (CBN) has clarified the statement made by the Governor, Godwin Emefiele, at Tuesday’s post-Monetary Policy Committee (MPC) meeting briefing,...

CBN Raises Monetary Policy Rate To 14%

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) from 13 percent to 14 percent.CBN Governor Godwin Emefiele announced this...

World Bank Criticized CBN Heterodox Policies

By Adefolarin A. OlamilekanWe are in an era of economic uncertainties that characterised the post COVID-19 pandemic.The global economy currently is in a...

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