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CBN Governor Godwin Emefiele allegedly tells Mr Eazi ‘Your dreadlocks are irresponsible’

CBN Governor Godwin Emefiele who had an encounter with Mr Eazi at the 2018 Bankers Committee Retreat, allegedly told the singer that his dreadlocks are irresponsible. This came after Mr Eazi disclosed that he was invited to the event by the CBN Governor, Godwin Emefiele and CEO of Deposit Money Banks in Nigeria. Mr Eazi […]

What will happens to Naira after ‘The Next Few Months’? — CBN Governor

— CBN passing out indirect warning to currency speculators that it is going to tap into its ‘buoyant’ reserves to stop any attempt to undermine the Naira by taking a position on a Naira depreciation. Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) was recently at an event where he promised that the […]

Naira gains as CBN begins special forex sales for Xmas

Naira gains as CBN begins special forex sales for Xmas The naira has made some gain against the dollar after the Central Bank of Nigeria (CBN) began a special $15,000 disbursement to Bureau de change (BDC) operators for the Yuletide. It sold at the weekend for N366 to a dollar at the parallel market. It […]

Nigeria: Premium Times Journalist Wins Nigeria’s Top Investigative Journalism Award

Photo: Premium Times The award was the thirteenth edition of the Wole Soyinka Awards for Investigative Reporting. By Alfred Olufemi A journalist with PREMIUM TIMES, Abdulaziz Abdulaziz, on Sunday emerged the 2018 WSCIJ-Nigerian Investigative Reporter of the year. The award was the thirteenth edition of the Wole Soyinka Awards for Investigative Reporting The event, organised […]

Nexım | CBN decries non-performing N500b export stimulation fund | The Guardian Nigeria Newspaper

CBN condemns the non-accessibility of the N500billion export stimulation fund set up basically for the promotion of non-oil exports in the country. Nigeria The Central Bank of Nigeria (CBN) has condemned the non-accessibility of the N500 billion export stimulation fund set up basically for the promotion of non-oil exports in the country. We are not […]

CBN cries out over banks’ outrageous interest rates on loans

Governor Godwin Emefiele of the Central Bank of Nigeria (CBN), has cried out over the outrageous interest rates microfinance banks in the country are charging on loans Emefiele said the microfinance banks in Nigeria are not lending loans at single interest rates, adding that many small and medium enterprises are unable to access the Federal Government’s loans […]

Naira features as CBN begins particular foreign exchange gross sales for Xmas

The naira has made some achieve in opposition to the greenback after the Central Financial institution of Nigeria (CBN) started a particular $15,000 …

The Oppressive Folly of Fuel Subsidy, By Henry Boyo

Petroleum product Marketers and Depot Owners Associations, gave the Government, a 7 day ultimatum last week, to redeem their long overdue balance for over ₦800bn for fuel, already sold at Government regulated price of ₦145/litre. The ₦800bn, was reportedly consolidated from the difference between government’s regulated price and the actual open market price of petrol sans subsidy; […]

Cost of funds to fall as N1.1tr boost interbank market

Naira hit year low in I&E, depreciates to N365.3/$Banks’ current account deposit rise by 4.94% in Oct•Analysts project 2.1% GDP growth for Q3’18 By Babajide Komolafe COST of funds is expected to fall this week in the interbank money market in response to inflow of N1.05 trillion from maturing treasury bills (TBs). Last week, cost […]

Naira appreciates as CBN begins special forex sales for Christmas

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What happens to the Naira after ‘the next few months’?

Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) was recently at an event where he promised that the apex bank will continue to …

High Liquidity Persists in Money Market

Despite the aggressive liquidity mop up initiated by the Central Bank of Nigeria (CBN) since the closure of Nigeria’s Treasury Bills (NTBs) issue calendar for 2018, the level of liquidity in the system has remained at an elevated level. The central bank had intensified its open market operations (OMO) in order to manage the volume […]

National Micro finance bank ready in January, 2019

National Micro finance bank ready in January, 2019 – CBN The Central Bank of Nigeria (CBN) in collaboration with the Nigerian Postal Service (NIPOST) has revealed it would commence a national Micro Finance Bank (MFB) in a bid to enhance financial inclusion and enhance credit to fund Agricultural sector and small and medium scale (SME). […]

CBN DEDICATED IN PROMOTING AGRICULTURE – Nairalovers

Agricultural growth is without doubt one of the 5 main strategic mixture methodologies wanted to create quantum leap development and sustainable growth within the Nigerian financial system. Different methodologies are the appliance of ‘The Huge Push’, Schumpetarian development mannequin, Endogenous development mannequin and Interventionist insurance policies. Briefly, ‘The Huge Push’ ‘’means that international locations want […]