Tag: Central Bank of Nigeria
CBN intensifies effort at clearing FX backlogs as foreign investors keenly...
...Announced it has disbursed $61.64 million to foreign airlines through Deposit Money Banks, redeeming $2 billion in outstanding forward liabilities in the last three...
2024 Outlook| Additional rate hikes remain the key decision to adopt
FRI, JAN 05 2024-theGBJournal| It is expected that the domestic economic activities will remain resilient in 2024FY as the negative impact of the reforms...
Outlook2024 | Expect FX liquidity conditions to improve in 2024FY
...Since October, the Central Bank of Nigeria (CBN) has renewed its efforts at solving the challenges stoking the existing FX liquidity constraints.
SAT, DEC 30...
Central Bank of Nigeria| Working towards a healthy economy
...In recent years, CBN used a combination strategy to manage inflation. The Bank used a tight monetary policy and strident efforts to boost the...
2024 Outlook| Agric sector to remain under pressure in 2024FY
...Growth forecast to settle at +2.16% y/y in 2024FY
WED, DEC 27 2023-theGBJournal|After the rebound from the negative growth induced by the Central Bank of...
CBN Special investigator issues fresh invitation to Tunde Lemo as it...
TUE, DEC 26 2023-theGBJournal| Chairman of Titan Trust Bank, Tunde Lemo have received fresh invitation from the team of the Special Investigators investigating the...
CBN reiterates ban on banks from trading in virtual currencies on...
SAT, DEC 23 2023-theGBJournal|The Central Bank of Nigeria (CBN) late Friday released a circular reiterating the prohibition of banks and other financial institutions from...
Nigeria Labour Congress deeply concerned about recent Naira scarcity
WED, DEC 20 2023-theGBJournal|The Nigeria Labour Congress (NLC) has expressed deep concerns about the recent cash crunch that has gripped the Nigerian economy, particularly...
Central Bank of Nigeria says Nigerian banks remain resilient, dismisses reports...
MON, DEC 11 2023-theGBJournal|The Central Bank of Nigeria (CBN) has reiterated the resilience of the Nigerian banking industry following recent reports that suggests that...
CPPE highlights the ugly impact of customs exchange rate for computation...
...Greater incentives for smuggling
...More industries that are dependent on the imported raw materials may shut down.
...Customs revenue may decline as imports through official channels...
