Year: 2020

CBN under pressure to unify exchange rate for naira - THE International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to get the country a unified exchange rate ...

CBN projects Nigeria's exit from recession in Q1 2021 - Central Bank of Nigeria Governor Godwin Emefiele is optimistic that Nigeria will emerge from recession by next March. He also ...

CBN devalues naira by N6 in move to unify exchange rates - The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The naira devaluation has ...

CBN earmarks N100b loan for the health sector - Health Minister, Dr. Osagie Ehanire, has said the Central Bank of Nigeria (CBN) had earmarked N100 billion as loan to encourage private ...

Export proceeds, remittances diverted to parallel markets weakening naira - The continued diversion of export proceeds by exporters and diaspora remittances inflows to the parallel market are responsible for the ongoing ...

CACOVID reveals plans to empower youths, businesses - The Coalition Against COVID-19(CACOVID), a private sector alliance formed for the sole purpose of eradicating coronavirus from Nigeria, has announced updates of its ...

Stanbic IBTC Introduces Flexible Investment Plan for Parents - The importance of preparing for unprecedented situations cannot be overemphasized with the outbreak of COVID-19. In its quest to foster educational development, ...

NSE Collects 1,809kg Recyclables to Promote Circular Economy - Though the circular economy is not too popular in Nigeria, efforts are being made by organisations to deepen it in the country ...

GTBank Fortifies Balance Sheet to Withstand Shocks - The fall of the Nigerian economy into a recession did not come to many as a surprise because it was expected but it ...

Naira Falls to N495/$1 at parallel Market - The attempt by the Central Bank of Nigeria (CBN) to discourage Nigerians from seeking forex at the parallel market seems to have backfired ...