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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

Coronavirus, Oil War Kick-starting Another Nigerian Recession?

Dwindling Oil Exports Deplete Foreign Reserves As Buhari, Emiefele Mull Naira Devaluation The coronavirus pandemic which has led to global oil glut is already...

Business

Emefiele Begins Second Tenure As CBN Governor

Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), on Monday began his second tenure, following the confirmation of his re-appointment by...

Banking

Nigeria May Slip To Another Recession, CBN Raises Alarm

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has expressed concern that Nigeria’s celebrated exit from recession may suffer a reversal...

Business

Despite 0.52% GDP Contraction in Q1, Emiefele Insists Economy Is Escaping Recession

.... Says Nigeria Will Be Out Of Recession in October CBN Retains MPC Rate At 14%; Liquidity Ratio At 30% Non-Oil GDP Grows By...

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