Tag: CBN
CBN lends N9.3tn to businesses as manufacturers get 31%
The sum of N9.3tn has been lent by the Central Bank of Nigeria to businesses of which manufacturers got the highest with 31 per...
CBN raises interest rate to 15.5%
The Monetary Policy Committee of the Central Bank of Nigeria has raised the benchmark interest rate from 14 to 15.5 per cent in order...
Debt servicing costs N6. 16tn in 16 months – CBN
Debt service gulped N6.16tn in 16 months, according to the 2023-2025 Medium Term Expenditure Framework & Fiscal Strategy Paper.
In 2021, the Federal Government spent...
Debt servicing costs N6. 16tn in 16 months – CBN
Debt service gulped N6.16tn in 16 months, according to the 2023-2025 Medium Term Expenditure Framework & Fiscal Strategy Paper.
In 2021, the Federal Government spent...
Nigeria’s oil revenue dips by 28% to N799bn in Q1 2022...
The country generated N799.10 billion from the oil sector in the first quarter of 2022,the Central Bank of Nigeria (CBN) says .
The figure represents...
Forex inflows dip by 17% to $6.6bn
The Central Bank of Nigeria has in its April monthly report on foreign exchange Aggregate foreign exchange inflows into the economy fell by 17.3...
Banks owed N5.93tn by oil firms – CBN
Data from the Central Bank of Nigeria has disclosed that the combined bank borrowing to oil firms operating in the downstream and upstream subsectors...
CBN raises interest rate on Naira savings deposits to 30% of...
The Central Bank of Nigeria (CBN) has directed deposit money banks in Nigeria to pay savings deposit account holders an interest of 30 per...
CBN’s 100-for-100 policy program disburses N68bn to beneficiaries
Over N68.13bn has been disbursed to beneficiaries under the Central Bank of Nigeria’s 100-for-100 Policy on Production and Productivity since the commencement of the...
Banks’ non-performing loans hit N1.21tn-CBN
The Central Bank of Nigeria has shown that the total non-performing loans in the banking sector hit N1.21tn as of the end of February...
Sustainable Agriculture as a Pillar of Climate Adaptation in Africa –...
Evelyn Dan Epelle, San Jose, California
ADIS24 - Africa stands at the forefront of climate change impacts, despite its low contribution to greenhouse gas emissions....
