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Nigeria: Pessimism overshadows consumers’ confidence outlook in Q4 2020

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MON, 21 DEC, 2020-theGBJournal- The consumers’ overall confidence outlook was pessimistic in Q4 2020 standing at -14.8 index, according to the Central Bank of...

CBN tightens regulation as Money Transfer Operators default on Diaspora remittances...

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By Audrey Lotechukwu THUR, 17 DEC, 2020-theGBJournal- The Central Bank of Nigeria (CBN) Wednesday issued additional operational guidelines on receipt of Diaspora remittances as it...

MARKETS: Treasury bonds contracted slightly by 12bps to 5.0%, naira weakens...

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WED, 16 DEC, 2020-theGBJournal- The overnight lending rate contracted by 2bps to 0.9%, in the absence of any significant outflows from the system. The NTB...

CBN approves new license categorizations for payments system

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By Audrey Lotechukwu THUR, 10 DEC, 2020-theGBJournal- The Central Bank of Nigeria (CBN) today announced the approval of new license categorisation for the payments system....

Naira devaluation as false economics

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By ISSA Aremu THUR, 10 DEC, 2020-theGBJournal- After decades long of word counts and verbal exchanges on Naira devaluation and “oil subsidy removal,” yours...

Labour drums support for CBN over naira value

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By Audrey Lotechukwu MON, 07 DEC, 2020-theGBJournal- Organized labour has commended the recent measures of Central Bank of Nigeria (CBN) aimed at shoring up the...

Central Bank of Nigeria introduces Special Bills

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WED, 02 DEC, 2020-theGBJournal- The Central Bank of Nigeria (CBN) today announced the introduction of Special Bills which it says is part of efforts...

COMMENT: Realities and battle against recession By Arize Nwobu

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By Arize Nwobu THUR, 26 NOV, 2020-theGBJournal-According to the National  Bureau of Statistics (NBS), the economy had slipped into another recession, the GDP having contracted...

MARKETS: Treasury bonds yield contracts 7bps to 3.9% on profit taking,...

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WED, 25 NOV, 2020-theGBJournal- The Treasury bonds secondary market remained bullish, as the average yield contracted by 7bps to 3.9%. Across the curve, average...

Central Bank of Nigeria holds Monetary Policy Rates at 11.5%

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By Audrey Lotechukwu TUE, 24 NOV, 2020-theGBJournal-The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) today unanimously voted to retain the MPR at 11.5...