April 13, 2021
  • April 13, 2021

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President Buhari administration may continue to depend on CBN to print money for it to spend

by on January 28, 2021 0
The Nigerian government has become dependent on central-bank borrowing and will struggle to wean itself off the copious money printing that has raised concerns about the health of Africa’s largest economy. After revenues collapsed during the oil shock of 2015, Africa’s largest crude producer turned to the Central Bank of Nigeria (CBN), borrowing about... Read More

Despite CBN, FG intervention Nigeria’s power distribution firms lag behind in metering customers

by on January 27, 2021 0
By Samuel Bankole   In spite of the Central Bank of Nigeria’s (CBN) N18.28 billion intervention in the electricity distribution sector, many power distribution companies are still lagging behind in providing meters for their customers. The CBN on Tuesday said it has provided N18.58 billion for the procurement of 347,853 electricity reading meters to... Read More

Nigeria records $1.27 bln trade deficit in Oct ~CBN

by on January 20, 2021 0
By Samuel Bankole Nigeria’s trade deficit has continued to widen as the country’s import bills are higher than its exports by $1.27 billion in the month of October 2020, the Central Bank of Nigeria (CBN) has said. While Nigeria earned a total of $2.14 billion from the export of goods and services in the... Read More