CBN fast tracking naira appreciation, injects fresh $180m into forex
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 that currency speculators are not having a negative fight for…
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 cent (year-on-year) in real terms, from N18,533.75 billion in Q4…
CBN, Police working to set up ePayment crime unit to track cybercriminals
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 be structured to trail and track online fraud activities and…
3 years after, CBN returns charges on cash deposits, withdrawals from N.5mn
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 deposits and withdrawals starting from transactions in the region of…
Utomi’s CVL begins N480m empowerment scheme in Delta State
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 to train and empower about 400 unemployed youths in Delta…
Currency speculators on steady loss as naira sustains rising trend, now N399/dollar
Serious indications emerged weekend showing the latest monetary policy of the Central Bank of Nigeria (CBN) as the best in the last one year considering the speed of naira recovery over the US dollar and other currencies. Accordingly, the trend…
$300m loan scheme coming for young farmer, says CBN
Another vista by the federal government to deepen uptake of farming business across the country has been launched. Coming as the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), it will establish a 300 million dollar agribusiness loan project…
CBN refutes Mailafia’s claims, says less than 1% fake naira notes in circulation
Barely less than one week after a former deputy Governor of the Central Bank of Nigeria (CBN), Mr. Obadiah Mailafia had disclosed that the total percent of fake naira notes in circulation is in the region of 20 per cent,…
