UBA’s quarterly profit rises 29% to N53bn on rate hikes
United Bank for Africa (UBA) reported a profit surge of 29.1 per cent in the three months to March, profiting from a series of rate hikes by the Central Bank of Nigeria that helped…
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CBN
Community leader alerts CBN to fake N200 in circulation
The President-General of Umueri community in Anambra State, John Metchie, has alerted the Central Bank of Nigeria (CBN) and security agencies to the circulation of fake N200 notes in the…
How CBN rate hikes fail to tackle inflation
After six consecutive rate hikes in almost a year by the Central Bank of Nigeria (CBN), inflation in Africa’s most populous nation has continued to accelerate.
The apex bank hiked the…
CBN’s Emefiele deserves appreciation, not churlish attacks
For a stuttering dollar-denominated, consumption-driven and almost solely petroleum-funded economy plus a misunderstood role of central banks the world-over, recourse to attacking the…
Currency in circulation up 71.41% on CBN’s supply of naira to banks
Currency in circulation has increased by 71.41 percent after the Central Bank of Nigeria (CBN) moved naira notes from its vault to deposit money banks last month.
Naira in circulation…