CBN

Nigeria’s naira lost 99.7% value in 44 years

The Nigerian currency, the naira, has historically lost value of up to 99.7 percent relative to the United States dollar…

Cash rules as Nigerian ATMs account for 58.9% transactions on e-payment channels

According to the research arm of First Bank of Nigeria, data gleaned from a new report series from the National…

Falling oil revenues, CBN support for naira deplete reserves to $30.49bn

*Reserves fell 0.89% in a month Nigeria's foreign exchange reserves fell by 0.89 percent to $30.49 billion on May 25, 2017…

Central bank to sell $100m at forward, spot forex auction

Nigeria's central bank said on Tuesday it will sell $100 million at a special wholesale spot and forwards auction to…

High treasury bills yield rates crowding out real sector as lenders, investors look more to treasury market

The current returns on Federal Government bonds and treasury bills at between 13.6 percent and 18.5 percent are serving as…

Musings on the 2017 Budget

By Anthony Aziegbemi, PhD, Econs The 2017 Budget, known as the budget of growth and recovery is designed not only…

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