CBN

Business

Domestic Credit Grew By N290bn Weeks – CBN

THEWILL_ -
SAN FRANCISCO, December 27, (THEWILL) - The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month. The apex bank made...
Business

CBN Liquidates 42 Microfinance Banks

Anthony Okechukwu, THEWILL -
BEVERLY HILLS, December 20, (THEWILL) - The Central Bank of Nigeria (CBN) has revoked the licenses of 42 microfinance banks in the country and has subsequently closed them. The Nigeria Deposit Insurance Corporation (NDIC) while disclosing this in a statement yesterday...
Business

Financial Market: No Reprieve For Low Fixed Income Yields

THEWILL_ -
SAN FRANCISCO, December 19, (THEWILL) - The sustaining grip of the tight monetary regime resonated across the segments of Nigeria’s financial market in the just concluded week. The Central Bank of Nigeria (CBN) has opted for tight policies option...
Business

Nigeria’s External Reserves Drop To $34.85b

THEWILL_ -
BEVERLY HILLS, December 16, (THEWILL) - Nigeria's foreign reserves have dropped to $34.85 billion as of December 14. The country’s foreign reserves last suffered its lowest descent in April when it dropped to $33.4 billion following the COVID-19 pandemic and...
Business

CBN Boosts Market Liquidity with N4.1trn Special Bills

THEWILL_ -
SAN FRANCISCO, December 11, (THEWILL) - The Central Bank of Nigeria (CBN), has sold N4.1 trillion worth of the instrument in the money market following last week’s introduction of 90-day special bills. The instrument is expected to avail the monetary authority...
Entertainment & Society

OAP Freeze Is At It Again! Faces Government Officials & Voters This Time

THEWILL_ -
SAN FRANCISCO, June 17, (THEWILL) - Freeze shares his thoughts on the impatience of Nigerians to let the government officials they vote in do their work. This comes on the heels of the recent floating of the Naira by the...
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Latest News

FeaturesSam Diala, THEWILL -

Nigeria’s Food Paradox: When Agricultural Abundance Fails to Feed a Nation

Nigeria’s food crisis presents one of the country’s most painful contradictions. The nation possesses vast arable land, millions of farmers, a favourable climate and an agricultural sector capable of producing enormous quantities of food. Yet millions of Nigerians go to bed hungry, food prices continue to climb.
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