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CATEGORY

Economy

Buhari Approved Naira Redesign, CBN Replies Finance Minister

The Central Bank of Nigeria (CBN) has said it followed due process as far as redesigning three series of the naira is concerned. Spokesman of...

CBN Didn’t Consult Finance Ministry On Redesign Of Naira Notes – Zainab Ahmed

The Minister of Finance, Zainab Ahmed, on Friday said the Central Bank of Nigeria did not consult her ministry before taking the decision to...

CBN to Release re-designed N200, N500, N1000 Naira Notes in December (VIDEO)

The Governor, Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022. In a bid...

BDCs Beyond 2022: How CBN’s Unorthodox FX Policy Widens Exchange Rate Gap

...premium between official/parallel markets now N300/$ The unorthodox foreign exchange policy of the Central Bank of Nigeria (CBN) has adversely impacted on the naira stability...

The Impact of Manufacturing Sector on Economic Growth in Nigeria

Manufacturing is the process of transforming raw materials into a whole new product Flath (2014). He notes that the transformation of raw materials involves...

CBN to Compound Manufacturers’ Woes With Creation of Special FX Window

The Central Bank of Nigeria (CBN) is set to compound the woes of manufacturers with the creation of a special foreign exchange (FX) window...

Moody’s Places Long-Term Ratings of Nine Nigerian Banks on Review for Downgrade

Moody’s Investors Service has placed on review for downgrade the long-term deposit ratings, as well as long-term issuer and senior unsecured debt ratings, where...

Nigeria’s Inflation Rises to 20.77% in September – NBS

Nigeria’s inflation rose to 20.77% in the month of September, 2022. The National Bureau of Statistics, NBS disclosed this in its monthly report released...

NESG, NEDG to host Presidential Debate on Economic Policy Nov. 15

The Nigerian Elections Debates Group (NEDG), in collaboration with the Nigerian Economic Summit Group (NESG) is facilitating a Presidential Debate on Economic Policy that will hold on...

CBN Restricts Foreign Banks With Representative Offices From ‘Banking Businesses’

The Central Bank of Nigeria (CBN) has barred foreign banks operating representative offices in Nigeria from providing services designated as ‘banking businesses’ among other...

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