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71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Finance & Economy·Opinion

CBN And Economy: Policy Options And Projections

Central banks are at the heart of the economy and they evolve monetary policies to keep a nation’s currency and economy stable. But it has been observed that central banks are often

Arize Nwobu

4 weeks ago

Naira Strengthens By N63.72 Against Dollar In January As CBN Policies Boost Confidence

Finance & Economy·Opinion

Economy And CBN’s Coordinated Strategies

The present economic challenges are undoubtedly harsh, but great efforts are being made by both the fiscal and monetary authorities to arrest the situation and stabilize the economy. Worldwide, economies go through

Arize Nwobu

3 months ago

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Opinion

CBN Governor Should Rethink Misaligned Twin Policies Of Capitalisation And Rate Increase – Nze Duru

These are not the best of times for the Nigerian banking industry. This is despite its increasing contribution to the National Gross Domestic Product annually. In 2023, the financial sector contributed a

Nze Chidi Duru

7 months ago

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Business·Finance & Economy·Latest News

Nigeria’s External Reserves Rise To $37bn, Gain $2.35bn In 18 Days

Nigeria’s external reserves have increased to $37.05 billion as of July 18, 2024. This amounts to $2.35 billion or 6.7 per cent increase from $34.70 billion in June 2024. This was revealed

Victor Ezeja

7 months ago

Finance & Economy·Latest News

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

The Central Bank of Nigeria’s (CBN) monetary policy committee has increased the benchmark interest rate, known as the Monetary Policy Rate (MPR), from 26.25 per cent to 26.75 per cent. This was

Victor Ezeja

7 months ago

SERAP Gives CBN 48 Hours To Reverse ATM Withdrawal Fee Increase

Opinion

Reflections On CBN’s Remedial Policies

The Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, and his team assumed office at a critical time when there was a crisis of confidence in CBN and the economy at large,

Arize Nwobu

7 months ago

Business·Currency·Latest News

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

In an effort to foster stability and lessen market volatility, the Central Bank of Nigeria (CBN) has again intervened in the foreign exchange (forex) market, selling a total of $122.67 million to

Victor Ezeja

7 months ago

Business·Finance & Economy

Banks’ Recapitalisation Will Strengthen Nigeria’s Economy – UBA GMD

Group Managing Director of United Bank for Africa PLC, Mr Oliver Alawuba, has underscored the critical role of banks’ recapitalisation in strengthening Nigeria’s economy. Prime Business Africa recalls that the Central Bank

Victor Ezeja

9 months ago

Opinion

Economic Challenges, CBN And Reconstruction Policies

Economic reconstruction is defined as "a process for creating a proactive vision of economic change.’’ The need for economic reconstruction arises from the existing fundamental problems

Arize Nwobu

10 months ago

Anambra APC Chieftain, Nze Duru, Hails Ejidike-Led Exco

Forex Backlogs: APC Chieftain, Nze Duru, Calls On CBN To Investigate Foreign Airlines’ Claim Of Unpaid $700m

Nze Duru, has called on President Bola Tinubu and the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, to intervene and order a thorough investigation into the circumstances surrounding settlement of unpaid

Victor Ezeja

11 months ago

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CBN latest news

CBN And Economy: Policy Options And Projections

Economy And CBN’s Coordinated Strategies

CBN Governor Should Rethink Misaligned Twin Policies Of Capitalisation And Rate Increase – Nze Duru

Nigeria’s External Reserves Rise To $37bn, Gain $2.35bn In 18 Days

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Reflections On CBN’s Remedial Policies

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Banks’ Recapitalisation Will Strengthen Nigeria’s Economy – UBA GMD

Economic Challenges, CBN And Reconstruction Policies

Forex Backlogs: APC Chieftain, Nze Duru, Calls On CBN To Investigate Foreign Airlines’ Claim Of Unpaid $700m

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Nigerian Stock Market Declines As MPC Retains Key Interest Rates

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