Tag Archives: the CBN Governor

Capital importation into Nigeria has fallen by 81.46 per cent ($6.91bn) from $8.49bn in the first quarter of 2019 to $1.57bn in the corresponding quarter of 2022, according to data from the National Bureau of Statistics. Based on the NBS’s ‘Nigerian Capital Importation’ reports for the first quarters of 2019, …

First Bank of Nigeria Limited, on Thursday, organized a webinar to address Nigeria Economic Outlook for 2022 which was themed “Rearview look at 2021, lessons learnt – Outlook 2022”. The webinar had over 2000 participants across the globe. The bank introduced the initiative to set the tone for the year through …

Bismark Rewane, the Managing Director/Chief Executive Officer of Financial Derivatives Company Limited has stated that fintech and mobile payments will increase during the year Mr Rewane made this statement while giving an outlook on the Nigerian economy in 2022 at the First Bank Nigeria Economic Outlook held on Thursday, themed, “A …

The Chief Executive Officer of Financial Derivatives Company, Mr. Bismarck Rewane, is projecting that the Central Bank of Nigeria will devalue the naira along the parallel market rate which may settle at N565 against the dollar by the end of 2022. The FDC boss stated that spending on political campaign …

The country’s external reserves fell by $1.4bn in two months, the latest data from the Central Bank of Nigeria showed on Wednesday. The reserves, which stood at $35.25bn as of April 16, fell to $34.23bn as of May 31 and $33.85bn as of June 15. Speaking on the decline in …

…As Bank Disbursed N44 Billion to Cotton, Textile Sector in Two Years …Over 620,000 Direct and Indirect Jobs Created …Aims to Empower Cultivation of 80,000 Hectares of Cotton The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has revealed the apex bank plan to resuscitate Nigeria’s Cotton, …

As part of its agenda to strengthen the manufacturing sector, Central Bank of Nigeria (CBN) has tasked multinational manufacturing companies in the country to consider setting up their manufacturing lines in Nigeria just as P&G has set the pace. Godwin Emefiele, the CBN Governor made this statement during the contract …