Tag: Central Bank
World Bank Raises Concerns Over Nigeria’s Monetary Policy Tightening
The World Bank has raised concerns about the Central Bank of Nigeria's (CBN) monetary policy tightening and its effectiveness in controlling inflation. In the Global[more...]
IMF Warns of Nigeria’s Growing Budget Deficit: Calls for Urgent Policy Reforms
The International Monetary Fund (IMF) has raised concerns about Nigeria's economic outlook, warning of a deepening budget deficit and high inflation. According to the IMF's[more...]
Nigeria’s Central Bank Sparks Outrage with Cybersecurity Levy
The recent directive issued by the Central Bank of Nigeria (CBN) to introduce a cybersecurity levy has generated significant discontent among the populace as the[more...]
Nigeria’s Banks Face Capital Raising Pressure from Central Bank
The Central Bank of Nigeria (CBN) recently issued a circular announcing the review of capital requirements for Nigerian banks. The CBN's instruction requires commercial banks[more...]
China’s Central Bank Cuts Benchmark Lending Rate to Boost Economy
China's central bank, the People's Bank of China (PBOC), recently announced a cut in a key benchmark lending rate aimed at boosting the country's struggling[more...]
Nigeria Devalues Currency for the Second Time in Eight Months: Roula Khalaf’s Highlighted Stories
Nigeria has once again devalued its currency in an effort to address its exchange rate system and revive its struggling economy. The recent devaluation marks[more...]
Naira Undervalued and Petrol Prices to Fall: CBN Governor’s Projections for 2024
Central Bank of Nigeria Governor, Olayemi Cardoso, delivered pivotal insights at the launch of the Nigerian Economic Summit Group (NESG) 2024 Macroeconomic Outlook Report. The[more...]
CBN to Prosecute Forex Defaulters in Nigeria
The Central Bank of Nigeria (CBN) has affirmed its commitment to prosecuting forex defaulters in the country. This declaration was made by the CBN Acting[more...]
Nigeria’s Deposit Money Banks Prepare for Recapitalization: What You Need to Know
--- Nigeria's Deposit Money Banks (DMBs) are bracing themselves for another round of recapitalization as the country sets its sights on a $1 trillion economy[more...]
