Central Bank of Nigeria
How to improve Nigeria’s business environment
The Central Bank of Nigeria says Nigerian businesses expressed optimism in the macro-economy in March, with a confidence reading of 28.2 index points, while April is showing much stronger confidence levels with 64.8 index points.
Nigeria plan to expand into the global oil palm industry
The Central Bank of Nigeria says it is currently considering some measures to address the challenges that have stifled the growth of the country’s palm oil industry.
LCCI’s Muda Yusuf speaks on central bank of Nigeria’s rates cut
The Central Bank of Nigeria says its decision to slash the Monetary Policy Rate by 50 basis points was a signal to a new direction of its policy position. Muda Yusuf, Director General of the Lagos Chamber of Commerce and Industry joins CNBC Africa to discuss the wider implications of this new stance.
Nigeria bond auction scheduled to hold this week
This week the Central Bank of Nigeria sold 293 billion naira of the 91, 182 and 350 days’ maturities respectively. Meanwhile, traders say the bond markets traded relatively quiet except for slight sell on 2028 bond.
NAMB responds to CBN’s proposed national MfB
Mixed reactions have trailed the decision of the Central Bank of Nigeria and Bankers’ Committee to set up a National Microfinance Bank Rogers Nwoke, President of the National Association of Microfinance Bank joins CNBC Africa to share his perspective on this.
ABCON calls on CBN to make BDCs direct agents of IMTOs
The Association of Bureaux De Change Operators of Nigeria has asked the Central Bank of Nigeria to implement provisions of its 2014 circular which empowers BDCs as direct agents of international money transfer operators.
The state of Nigeria’s financial sector
The Central Bank of Nigeria says it has no objection to the merger between Access bank and Diamond bank, which is set to be completed by the first half of 2019.
Investors snub CBN auction, sells only N39bn worth of OMO bills
The Central Bank of Nigeria only sold 39 billion naira via an OMO auction on Wednesday although the total amount on offer was 100 billion naira.