The Central Bank of Nigeria has said that the total foreign exchange inflow into the economy in 2011 amounted to $105.11bn, an increase of 19.3 per cent above the level in 2010. The CBN, in a publication on Monday, said that the development resulted from a significant growth in inflow […]
Tag: Central Bank of Nigeria
High interest rate compounding Nigeria’s debt burden – Experts
The Central Bank of Nigeria’s 12 per cent benchmark interest rate is one major factor that has led to the increased debt burden facing the country, experts have said. They noted that until the CBN reviewed the Monetary Policy Rate downward, Nigeria might keep finding it tough to reduce its […]
CBN to set up SME fund in October
The Central Bank of Nigeria on Friday said it would set up the N200bn Small and Medium Scale enterprises fund in October. The CBN Governor, LamidoSanusi, disclosed this at the African Women’s Economic Summit titled, ‘African Women Financing the Future’ in Lagos. According to the CBN, the fund is expected […]
