Prince John Karunwi, Chairman, Nigerian Association of Small and Medium Enterprises (NASMEs), Oyo State chapter, has lauded President Bola Tinubu’s swift move to address challenges in Nigeria economy.
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The Central Bank of Nigeria (CBN) has commended the West African Institute for Financial and Economic Management (WAIFEM) for its debt management support to Nigerian states.
The National Association of Microfinance Banks (NAMB) has directed all licensed Microfinance Banks (MFBs) nationwide to update it on their recapitalisation status for assessment and follow-up actions with the regulatory authorities.
President Bola Tinubu, has promised to revisit the naira redesign policy of the Central Bank of Nigeria (CBN).
The December 2022 development update of the World Bank has projected that interest payments on the Nigerian government’s borrowing from the Central Bank (CBN), will gulp about 62 percent of revenue by 2027, despite the restructuring plan.
Mr Francis Dufay, the Chief Executive Officer (CEO), Jumia, a Pan-African e-commerce platform, says the company plans to shift strategy to enhance growth levels for the rest of 2023.
Senate has passed a bill seeking to amend the Central Bank of Nigeria (CBN) Act to increase its advances to the Federal Government from five per cent to maximum of 15 per cent.
Naira appreciated at the Investors and Exporters window on Wednesday exchanging at N463.33 to the dollar, a 0.23 per cent increase against the N464.42 to the dollar traded on Tuesday.
The Central Bank of Nigeria (CBN) has again raised its benchmark lending rate from 18 to 18.5 percent, in a push to contain the nation’s inflationary trend.
The Central Bank of Nigeria has revoked the operating licenses of 132 microfinance banks in the country.