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CBN: Nigeria’s external reserves hit $46 billion

The Central Bank of Nigeria (CBN) on Sunday disclosed that the nation’s external reserves currently stands at $46 billion, saying the figures are steadily heading towards the $50 billion mark.

Expert advises National Assembly to expedite budget passage to consolidate GDP growth

An Economist, Dr Uju Ogubunka, has called for a concerted effort that would expedite the passage of the 2018 budget to consolidate the current Gross Domestic Product (GDP) growth figure.

Beware of foreign portfolio investments-driven growth – experts

Economic experts have warned Nigeria not to be carried away by the influx of foreign portfolio investment dominating the Nigerian Stock Exchange (NSE), noting that a combination of highly mobile portfolio investments and unreliable crude earnings could unravel without warning, and cause external reserves to decline, as experienced from April to November 2008.

Don calls for synergy between banking system, stakeholders

A university lecturer, Prof. Olusegun Ajibola, has called for synergy between the banking system and stakeholders in the economy to enhance Nigeria’s economic growth and development.

Federal govt accuses central bank, others of shielding rogues

Banks and their supervisor, the Central Bank of Nigeria (CBN), have been accused of working to derail the government’s anti-corruption war.

Nigeria’s external reserves will hit $40bn in 2018 – central bank chief

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has predicted that the nation’s external reserves will hit $40bn in 2018.

Central bank announces $40bn external reserves target, releases 2018 economic forecasts

The Central Bank of Nigeria, CBN, has said the regulator may change its monetary policy stance next year from the current tightening position to an easing stand that will see the benchmark interest rate come down from the current 14 per cent.

Monetary policy c’ttee will review interest rate – CBN chief Godwin Emefiele

With a few weeks to the next meeting of the Monetary Policy Committee (MPC), the last for the year, governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said there is a high possibility that a downward review of interest rates will be considered in view of declining inflation trend in the economy.

Nigeria’s external reserves hit $34bn – Central bank

The nation’s external reserves have hit $34bn from $33.6bn attained on October 25, the Central Bank of Nigeria has stated.

NDIC charges bankers on financial literacy, consumer protection

The Nigeria Deposit Insurance Corporation (NDIC) has called on bankers in the country to pay more attention on financial literacy and consumer protection issues.


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In Pictures: President Buhari, governors at Vice President Osibajo’s daughter’s wedding reception

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