central bank

Islamic cleric, Sheik Ahmad Gumi, has urged the government not to take the threat by the kidnappers of students of Greenfield University, Kaduna lightly. Gumi, who stated this in an interview, said the Central Bank of Nigeria should pay…

Nigerians on social media have lamented the payment of multiple bank charges, especially with Tuesday’s announcement by the Central Bank of Nigeria that effective immediately, Nigerians using the Unstructured Supplementary Service Data…

Currency in circulation in the country dropped by N70bn to N2.83tn in January from N2.9tn as of December 2020, the latest figures obtained from the Central Bank of Nigeria showed on Wednesday. According to the CBN, currency in…

For those who are not conversant with the universe of cryptocurrencies, it is important to state that Cryptocurrencies are digital or virtual currencies issued by largely anonymous entities and secured by cryptography. Cryptography is a…

The reality that gold is a safe investment haven has sparked an increasing desire for the commodity which jewellery and investment account for over 60 percent of the total 5.29 million kilograms or 186.8 million ounces global demand as at…

The Nigerian National Petroleum Corporation (NNPC) has dismissed, in its entirety, the allegation that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was inflated to the tune of $1.527billion, describing the accusation as false,…

The Federal Government will use part of the N2.3 trillion stimulus package to purchase locally produced items as buyer of last resort in line with its Economic Sustainability Plan, Vice President Yemi Osinbajo, has stated. The Vice…

China’s central bank continued to pump cash into the banking system via reverse repos on Tuesday to maintain liquidity. With no reverse repos maturing Tuesday, the People’s Bank of China injected a total of 30 billion yuan (about 4.29…

Morocco’s review of the 2020 budget expects the fiscal deficit at 7.5% and growth at -5% on the back of the coronavirus outbreak, the Royal cabinet said on Monday. The draft budget, which will be later submitted for parliament’s…

The Central Bank of the United Arab Emirates said Sunday it has doubled to $70 billion a stimulus package to support the Gulf state's economy amid the coronavirus pandemic. "The aggregate value of all capital and liquidity measures…