Central Bank of Nigeria
Nigeria’s debt servicing payments rise by 69% to N6.04 trillion in H1 2024
Business & Economy
October 5, 2024
Nigeria’s debt servicing payments rise by 69% to N6.04 trillion in H1 2024
Nigeria’s debt servicing payments have surged by 69% in the first half of 2024, reaching N6.04 trillion, up from N3.58…
CBN temporarily withdraws newly released document due to misrepresentations
Business & Economy
September 20, 2024
CBN temporarily withdraws newly released document due to misrepresentations
The Central Bank of Nigeria (CBN) has temporarily withdrawn its Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the…
Foreign currency loans make up 94% of Nigeria’s capital importation in Q1 2024
Business & Economy
July 2, 2024
Foreign currency loans make up 94% of Nigeria’s capital importation in Q1 2024
Debt instruments dominate capital importation into Nigeria in the first quarter of 2024, making up 94% of inflows. Data from…
Diaspora remittances fall 6.28% to $282.61 million in Q1 2024 amid CBN’s reforms
Business & Economy
May 15, 2024
Diaspora remittances fall 6.28% to $282.61 million in Q1 2024 amid CBN’s reforms
Nigeria recorded $282.61 million as total direct foreign exchange (FX) remittances in the first quarter (Q1) of 2024. The figure…
Rice farmers fail to repay 52% of N283.01 billion loan from Anchor Borrowers’ Programme
Business & Economy
March 31, 2024
Rice farmers fail to repay 52% of N283.01 billion loan from Anchor Borrowers’ Programme
Rice farmers under the aegis of the Rice Farmers Association of Nigeria (RIFAN) have defaulted on about 52% of a…
Nigeria gets $1.5 billion from foreign investors after March’s MPC meeting
Business & Economy
March 29, 2024
Nigeria gets $1.5 billion from foreign investors after March’s MPC meeting
The Central Bank of Nigeria (CBN) has announced a significant inflow of over $1.5 billion into the Nigerian economy, a…
CBN sells N1.64 trillion in treasury bills as higher interest rates attract investors
Business & Economy
March 28, 2024
CBN sells N1.64 trillion in treasury bills as higher interest rates attract investors
The Central Bank of Nigeria (CBN) successfully conducted an auction of Nigerian Treasury Bills (NTBs) on March 27, 2024, which…