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The Central Bank of Nigeria (CBN) is playing a critical role to facilitate successful participation of Nigerians in the African Continental Free Trade Area (AfCFTA) agreement.
The Central Bank of Nigeria (CBN) disbursed a cumulative total of N4.81 trillion in intervention funds to the private sector of the Nigerian economy as of November 2022, a 6.9% increase from N4.5 trillion two months earlier.
The Director-General of RIPAN, Andy Ekwelem, made the call Tuesday in Abuja at a news conference.
The violation of section 38 of the Central Bank of Nigeria (CBN) Act, which restricts the amount the bank can lend to the Federal Government to five per cent cap of real revenues of the previous accounting year may trigger exchange rate-induced inflation.
The Central Bank of Nigeria (CBN) has said that the Nigerian payment system infrastructure is robust enough to handle the growing surge in online transactions. It therefore urged Nigerians to embrace alternative payment channels such as eNaira..