The May 2020 meeting of the monetary policy committee (MPC) of the Central Bank of Nigeria has been earlier scheduled to hold on Monday and Tuesday, May 25, and 26…
Read More Eid-el Fitr holiday: CBN shifts MPC meeting to Thursday
Category: Economy
Nigeria’s economy heading towards recession – Finance Minister
Yusuf Bello| The coronavirus pandemic and falling oil prices are set to force the economy into recession, Nigeria’s finance minister, Zainab Ahmed said on Thursday. The minister who made the…
Read More Nigeria’s economy heading towards recession – Finance Minister
Post-COVID-19 Economy: Emefiele Woos Conglomerates
As Nigeria continues the process of full reopening of its economy due to the lockdown over the Corona Virus (COVID-19), the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele,…
Read More Post-COVID-19 Economy: Emefiele Woos Conglomerates
Naira depreciates to N460/$1 at the parallel market
The Naira depreciated to N460 to a dollar at the parallel market, popularly referred to as the black market, on Tuesday, May 19, 2020, despite the volatility that persists in the…
Read More Naira depreciates to N460/$1 at the parallel market
Why disbursement of N50 billion CBN loan is still difficult– NIRSAL
The Managing Director of NIRSAL Microfinance Bank Plc, Abubakar Kure, has disclosed that the nationwide lockdown and restrictions had been a major challenge to the smooth processing of the N50…
Read More Why disbursement of N50 billion CBN loan is still difficult– NIRSAL