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Tag Archives: CBN

Again, saving the naira: Using that Soludo option


Since the introduction of free-flotation of Naira by the Central bank of Nigeria (CBN), the value of the currency in the face of global currencies had been on a steady ...

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Our market monitoring, intervention spurred naira gain, not Gbadamosi – CBN

CBn Emefiele

The growing excitements being expressed by majority of financial pundits may have compelled the management of the Central Bank of Nigeria (CBN) said the recent appreciation of the Naira against ...

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Released Manufacturing Purchasing Managers’ Index ebbs, stood at 44.6 in Feb.

CBN Abuja

Going by the latest Manufacturing Purchasing Managers’ Index (PMI) released by the Central Bank of Nigeria (CBN), 14 out of 16 sub-sectors reportedly declined in the month of February. The ...

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Eze seeks reduction of interest rate by CBN to firm naira more, grow manufacturing

Emefiele CBN

Radical financial analyst, Mr. Emmanuel Eze, Thursday called on the Central Bank of Nigeria (CBN) to reduce the current interest rate to further strengthen the naira. Eze, Chief Executive Officer, ...

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Zenith Bank maintains lead in 2016, declares N129.65b profit, N1.77 dividend

Zenith bank HQ

Leading deposit money bank (DMB), Zenith Bank Plc., has declared a profit after tax of N129.65 billion and a final dividend of N1.77 per share for the year ended December ...

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CBN fast tracking naira appreciation, injects fresh $180m into forex

Naira exchange

The naira continued to regain strength and appreciate in value in the parallel market on Tuesday as it was sold for N425 to a dollar. The meaning of this is ...

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Analysts explain why GDP squeezed by -1.30% in Q4 2016


Latest economic data released by the National Bureau of Statistics (NBS), in the fourth quarter of 2016, has shown that the nation’s Gross Domestic Product (GDP) contracted by -1.30 per ...

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CBN, Police working to set up ePayment crime unit to track cybercriminals

CBN and Police

The Central Bank of Nigeria (CBN) has revealed fresh plans to collaborate with the Nigeria Police in setting up a new unit called ePayment and crime unit. The unit will ...

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3 years after, CBN returns charges on cash deposits, withdrawals from N.5mn

CBn Emefiele

Three years after it stopped the charges following introduction of cashless policy, the Central Bank of Nigeria (CBN) has announced the reintroduction of bank charges on certain categories of cash ...

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Utomi’s CVL begins N480m empowerment scheme in Delta State

Pat Utomi

Leading political economist and development expert, Prof Pat Utomi has said his non-profit organization, the Centre for Values in Leadership (CVL), is set to begin the second edition of empowerment programme ...

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