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    CATEGORY

    Monetary Policy

    Q2: Nigeria’s Capital Importation Falls to $875.6m as foreign reserve plunges

    Nigeria has recorded a quarter-on-quarter decline of 54.06 per cent in the total value of capital importation into the country in the second quarter...

    Nigeria needs to trim down its 7,000 BDCs to help stabilize Naira – Economist says

    By Kadiri Abdulrahman Abuja, July 28, 2021 An Economist, Mr Tope Fasua, has commended the Central Bank of Nigeria (CBN) for its decision to...

    Expert accuses BDCs, Banks of rent-seeking behaviour money laundering activities.

    Abuja, July 28, 2021 A Financial Expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to be cautious of...

    CBN vows to deal ruthlessly with banks over illegal sales of forex to BDCs

    The Central Bank of Nigeria says it has ended the sales of forex to Bureau Du Change operators, saying the parallel market has become...

    UPDATED: Nigeria retains monetary policy rate at 11.5% to boost economic growth

    The Central Bank of Nigeria has retained the monetary policy rate at 11.5 per cent, with the assymetric corridor of +100/-700 basis points around...

    Macroeconomic management dependent on states, councils – FRC chairman

    By Folasade Akpan Abuja, July 26, 2021 The commitment of states and local government councils will enhance macroeconomic management in Nigeria, Mr Victor Muruako, Chairman,...

    Nigeria’s Central Bank Publishes Regulatory Framework for Mobile Money Services

    Introduction A robust payments system is vital for effective monetary policy implementation and the promotion of economic efficiency. The introduction of mobile telephony in Nigeria,...

    Enugu State Govt. records N7bn IGR for 2021 first quarter – Report

    By Emmanuel Acha Enugu, July 12, 2021 Enugu State Government has recorded N7.1 billion as Internally Generated Revenue (IGR) in the first quarter of...

    CBN releases supervisory framework for payment service banks

    By Kadiri Abdulrahman Abuja, July 9, 2012 The Central of Nigeria (CBN) has released the Guidelines for the Licensing and Regulation of Payment Service...

    FIRS generates N650bn revenue in June

    By Mustapha Sumaila Abuja, July 7, 2021 The Federal Inland Revenue Service (FIRS) says it has generated N650 billion revenue in June. The Director, Communications...

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