More Borrowings Amidst Widening Budget Deficit
In response to an over N10 trillion budget deficit, the Nigerian government plans to increase its borrowings in 2024. President ...
Monday, November 25, 2024
Tag: CBN
CBN Intervention Funds: DisCos Receive N53.3 bn For Meters Under NMMP
The eleven power distribution companies (DisCos) secured the total amount of N53.3 billion in credit facility from the Central Bank ...
‘N10trn CBN Loans: MSMEs Receive Only 6.63% In 10 Years’
A recent report from the Central Bank of Nigeria (CBN) has unveiled that Micro, Small, and Medium Enterprises (MSMEs) received ...
Naira Surges To N1,382/$ Following CBN Intervention
Following the clearing of all valid foreign exchange backlogs by the Central Bank of Nigeria (CBN) on Wednesday, and increased ...
CBN Clears $1.5bn FX Backlog As External Reserves Rise By $993m
The Central Bank of Nigeria (CBN) has announced the complete clearance of the valid foreign exchange backlog, fulfilling a promise ...
JUST-IN: CBN Clears Valid FX Transactions, Eliminates $7bn Legacy Backlog
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, thereby fulfilling ...
CBN Struggles As Farmers, Agric Firms Default On N380.97bn Loans
Nigeria's agricultural sector is facing a daunting challenge as farmers and agricultural firms grapple with repaying a staggering N380.97 billion ...
CBN Donates 2m Bags Of Fertilizer To Farmers
In a significant move to bolster Nigeria's agricultural sector and address food security concerns, the Central Bank of Nigeria (CBN) ...
FX Remittances Quadruple To $1.3bn In FebruaryÂ
The Central Bank of Nigeria (CBN) has said overseas remittances into the country rose to $1.3 billion in February 2024 ...
Foreign Borrowing Essential To Address Naira Stability , CBN Debts –Report
The Economist Intelligence Unit (EIU) has issued a sobering assessment, indicating that the Central Bank of Nigeria (CBN) lacks the ...
