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A further review of the financial statements shows that the bank’s top management personnel, including the CBN governor, four deputy governors and seven non-executive directors of the bank, owe the bank N862 million as lo
Moreover, the Nigerian government, in recent years, has been suffering from revenue issues which have resulted in budget deficit and ultimately increasing borrowing.
Now, back to the main issue, what exactly is Monetary Policy Rate (MPR), and what does it mean for businesses and the economy?
To promote stability and transparency in foreign exchange operations, the exchange rates have been harmonised.
After his suspension, Emefiele was arrested by operatives of the Department of State Security (DSS) for investigation and questioning.
There have been several arguments as to whether ways and means should be described as loan or something else. Many have contended that it should not be considered as part of Nigeria’s loan profile.
Nigeria’s revenue-to-GDP ratio is nine percent, as against Ghana’s 13 per cent, Kenya’s 17 percent and Angola’s 21 percent. So, for Tinubu, borrowing in the short term may be inevitable, but he must now do so with tact, experts say.
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Nigerians encountered challenges with the apex bank policy, with failed transactions, poor network and lack of cash dotting the country’s landscape between January and March.
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An analysis of the bi-annual data showed that Taraba State increased its external debt by 108.57 percent. Adamawa, Ogun, and Osun states also saw rises in their external debts.
The CBN Governor, Godwin Emefiele, might have relied on Buhari’s body language to create one of the worse cash crisis in Nigeria’s recent history. But a statement by the presidential spokesman, Garba Shehu, on Monday, might have jolted him, according to a market analyst, Ike Ibeabuchi, who spoke with Dataphyte at night.
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…the plight of Persons With Disabilities
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The CBN has failed to implement the referenced Supreme Court judgment which nullified the policy and declared it as an affront on the 1999 Constitution.
Nigeria’s cashless policy has since cause a lot of ‘discomfort’ despite the touted advantages by the apex bank.
With the current cash shortages amid an election, what is the fate of the election, given the history of vote-buying in previous elections?
The volume of e-payment transactions in the last 10 years show that Nigeria has made progress on the cashless policy.
