Home Tag "Central Bank of Nigeria"

CBN Injects $1.47bn into Forex Market in One Month

The Central Bank of Nigeria injected $1.47bn into the foreign exchange segment of the market as part of its efforts to stabilize the naira in January. According to figures from the CBN’s January report on its foreign exchange market developments, this was a decrease of 47.4 per cent and 64.0 per cent from the level […]

Why We Decided to Regulate Crypto Assets, Others –SEC

The Securities and Exchange Commission has said it decided to provide regulatory certainty within the digital asset space last year due to the growing volume of reported flows. SEC, the apex regulator of the nation’s capital market, had in September last year described digital assets, including crypto assets, as securities, saying it would regulate them. […]

Fiscal Deficit Rose to N620.49bn in November – CBN

The Federal Governments’ fiscal deficit rose by N208.14bn to N620.49bn as of the end of November from N421.35bn at the end of October. The Central Bank of Nigeria disclosed this in its monthly economic report for November on Wednesday on the federation account operations. Part of the report read, “At N706.47bn, provisional gross federally collected […]

ICYMI: CBN Anti-Cryptocurrency Policy Threatens Jobs, Experts Warn

Following the Central Bank of Nigeria directive to banks and other financial institutions on Friday ordering the closure of all accounts operating cryptocurrency exchanges, some experts in cryptocurrency trading have raised the alarm over its economic impact. The Blockchain Solutions Architect, Mr Charles OkaforMbah, in an interview with Sunday PUNCH, noted that crypto trading is divided […]

CBN Procedures Creating Bottlenecks for Exports – Exporters

The pre-export requirements recently introduced by the Central Bank of Nigeria is currently frustrating the export of goods from Nigeria to other nations, exporters declared on Wednesday. Speaking under the aegis of the Network of Practicing Non-oil Exporters of Nigeria, they stated that the electronic Nigeria Export Proceed Form being required by the bank from […]

Nigerians may enjoy increased access to credit in 2021 – CBN

The Central Bank of Nigeria (CBN), says Nigerian households will most likely have improved access to credit beginning from the first quarter of 2021. This is according to the Credit Condition Survey Report, released by the Statistics Department of the apex bank. The survey indicated that the increase already occurred in the last quarter of […]

World Bank invests $10.7bn in Nigeria

World Bank Group has invested about $10.734 billion in projects and programmes in Nigeria. The bank’s delegation of 10 executive directors which visited the country last week, said it was excited with the economy’s return to growth and pledged more collaboration to accelerate the growth rate. According to Vanguard, the breakdown of the bank’s total […]

StartUpper of the Year Challenge

WP2Social Auto Publish Powered By : XYZScripts.com
Language Options »