Amid a spate of measures being put in place by the Central Bank of Nigeria (CBN) to reduce pressure on the nation’s foreign exchange market, analysts from Coudros Securities have expressed confidence in the capacity of the apex bank to meet the…
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has predicted 10 per cent increase in credit to the agricultural sector over the next two years.
He also said about $2 billion out of about $2.5 billion, earmarked for key…
The Central Bank Governor Godwin Emefiele on Thursday announced a programme that seeks to repatriate $200bn exclusively from non-oil exports over the next three to five years.
The RT200 FX Programme, according Mr. Emefiele, targets increased exports, value addition and improved foreign exchange…
The International Monetary Fund (IMF) has once more advised Nigeria’s federal government to increase Value Added Tax (VAT), while also offering other fiscal measures that the country could adopt to stimulate economic growth.
In addition, it reiterated its call for the removal…
The Central Bank of Nigeria (CBN) has released the list of 28 companies that benefitted from the first cycle of the 100 for 100 policy on production and productivity (PPP).
CBN released the list in a document posted on its official website on…
India has announced plans to launch its digital currency and tax cryptocurrencies and Non Fungible Tokens (NFTs) at 30 per cent.
Finance minister Nirmala Sitharaman made the announcement on Tuesday while presenting the federal budget.
“No deduction in respect of any expenditure or…
The Central Bank of Nigeria (CBN) has disbursed a total of N23.20 billion to 28 companies whose projects were selected for funding in the maiden batch of its newly introduced “100 for 100 Policy for Production and Productivity (PPP)” initiative.
CBN Governor,…
Binance, one of the largest cryptocurrency exchanges in the world, says it restricted the accounts of 281 Nigerian users to prevent fraudulent activities and ensure the security of its platform.
There have been complaints on social media by multiple users of the exchange…
The Central Bank of Nigeria has released a guide for bank customers and others on how and where they can lodge complaints against financial institutions regulated by it.
The financial institutions include commercial banks, microfinance banks, primary mortgage institutions, and discount houses.
The…
The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria have shown.
The rise in forex inflow was attributed to increased non-oil receipts and proceeds from Eurobonds, among other factors.
According to the CBN’s…
