The Central Bank of Nigeria (CBN) has started a campaign to educate school children about money, saving, creating livelihoods and becoming an entrepreneur. The CBN’s Deputy Governor, Financial System Stability (FSS), Mrs. Aisha Ahmad led some CBN Directors to visit some schools within Abuja as part of activities to mobilise secondary school children to embrace […] …
Central Bank of Nigeria
We’ll review PTAC report on new minimum wage expeditiously – Buhari
President Muhammadu Buhari on Monday in Abuja received the report of the Presidential Technical Advisory Committee on the Implementation of the National Minimum Wage (PTAC) with a pledge to review it expeditiously. The PTAC, which was inaugurated on Jan. 9, was mandated to advise the Federal Government on how best to fund, in a sustained […]
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CBN projects 3% GDP growth in 2019
Political Climate, High Interest Rates, Others Constrained Business Activities In February – Report
Nigeria’s business sector suffered major setbacks in the month of February, which also, was an election month that witnessed 2 weeks of unstable business activities and waiting-game by portfolio investors, as per reports. According to the report, ‘Business Expectations Survey in February 2019’, by the Central Bank of Nigeria, captured the data of … Continue reading Political Climate, High Interest Rates, Others Constrained Business Activities In February – Report …
ANALYSIS: Will Buhari give Emefiele a second term as CBN governor?
AMCON decries declining N5 trillion assets, gets new board
The Asset Management Corporation of Nigeria (AMCON) at the weekend decried the falling value of its N5 trillion assets, stating that their current worth might not exceed N1 trillion owing to the toxic nature of banks’ belongings. Its Managing Director, Ahmed Lawan Kuru, who spoke at the inauguration of the new Muiz Banire-led board by […]
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INEC transfers Ekiti REC
The INEC Resident Electoral Commissioner (REC) in Ekiti state, Prof. Abdulganiyu Raji has been moved to Ogun. This is coming barely 20 days to the 2019 general elections. The News Agency Agency of Nigeria (NAN) report that the State Administrative Secretary, Dr Omoleke Muslim, has taken over on acting capacity. The Public Affairs Officer of […]
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CBN leaves rates unchanged as IMF downgrades growth
Economy gets first policy direction for 2019 today
In the absence of an approved budget for 2019, the Central Bank of Nigeria (CBN), will today, lead the way with a policy decision that revolves around interest rate and sustenance of interventions for frailties of fiscal authorities. The Monetary Policy Committee of the apex bank would come up with a decision in its first […]
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Failed e-transactions: report defaulting banks to us, says CBN
The Central Bank of Nigeria (CBN), said any failed instant payment transaction not reversed into the customer’s account within 24 hours after complaint by the sender or beneficiary should be reported to CBN The Director, Consumer Protection Department, CBN, Mr Kofo Salam-Alada said this in an interview with the News Agency of Nigeria (NAN) on […] …