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Covid-19 Tragedy Creates An Opportunity For a New Nigeria, says Emefiele

Reveals: N15trn Special Vehicle ,InfraCo PLC, 'II Jump Start New Economy By Hamilton Nwosa (Head,The New Diplomat’s business and data tracking desk) Governor of the...

News

We’ll Remain Operational While COVID-19 Lasts, Says CBN

The Central Bank of Nigeria has informed stakeholders and members of the Nigerian public that it will remain open for business while the epidemic...

Business

CBN Retains MPR At 13.5%, Says Coronavirus May Lead Nigeria Into Recession

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has held the Monetary Policy Rate (MPR) constant at 13.5%. This was disclosed...

Banking

As Oil Price Crashes, Emefiele Douses Anxiety, Says N380 Forex Rate Not Devaluation

By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Central Bank of Nigeria Governor, Mr Godwin Emefiele on Saturday, clarified that the recent...

Banking

CBN Bows To Pressure, Technically Devalues Naira By 15%

The Central Bank of Nigeria (CBN) may have finally bowed to immense pressure from various quarters to devalue the Naira. Few days ago, there were...

Banking

COVID-19 Effects: CBN Cuts Interest Rate on Loans, Lists Other Interventions

The Central Bank of Nigeria has announced measures to cushion the effects of coronavirus on the Nigerian economy. The apex bank predicts that the global...

Business

External Reserve Slides To 27 Months Low

Week-on-week decline spikes by 49% AT the backdrop of a sustained slide in the country’s fortunes, the nation’s external reserves is set to drop below...

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