Tag: CBN
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Scorecard is out: CBN’s naira redesign weakened Nigerian economy
The Central Bank of Nigeria-induced naira crunch between January and March weighed down on the economy leading to a decline in growth, the National...
CBN to pay raw material exporters for bringing back dollars
Nigeria is expanding its incentives to new sectors to boost exports and dollar inflow into the country.
Nigeria relies on crude oil for more than...
Buhari gets Senate help on illegal N23.7 trillion CBN loan
The Senate has approved President Muhammadu Buhari’s request to restructure a N23.7 trillion ($49 billion) loan the central bank gave his government in violation...
CBN says it has ‘good quantity’ of scarce new naira notes
The Central Bank of Nigeria says it has continued to take delivery of redesigned naira notes even when the bills are hard to come...
CBN fuelling the same inflation it is fighting
The Central Bank of Nigeria’s financing of the federal government’s budget deficit and record high credit to the economy have limited the effectiveness of...