The Naira continued its downward trend on Friday, trading at N1,475.35 to the U.S. Dollar at…
Tag: Central Bank of Nigeria
Nigeria’s Projected Trade Surplus: 6% of GDP
Nigeria’s Central Bank Governor, Dr. Olayemi Cardoso, has projected that the nation’s trade surplus will reach…
PoS Agents Raise Alarm Over New CBN Rules, Predict Widespread Job Losses
A wave of concern is sweeping across Nigeria’s financial service sector as Point of Sale (PoS)…
Naira is Overvalued by 30% Against the Dollar – Report
A recent economic report has revealed that the Nigerian naira remains overvalued by approximately 30 percent…
CBN Reduces Interest Rate to 27% to Boost Economic Growth
The Central Bank of Nigeria (CBN) has announced a reduction in its monetary policy rate by…
CBN gives update on N100 ATM withdrawal charge
The Central Bank of Nigeria has said the N100 fee subsists for banks’ customers withdrawing less…
CBN Set to Launch Nigerian Foreign Exchange Code to Boost Market Integrity
By Abidemi Samuel Kindly share this news The Central Bank of Nigeria (CBN) has given the…
Nigeria’s Local Governments Open Central Bank Accounts for Direct Federal Allocations
By Abidemi Samuel Kindly share this news In a significant development, local governments across Nigeria have…
Forex Allocations for Fuel Imports Surge to $1.25 Billion Amidst Rising Demand and Currency Volatility
By John Joseph Kindly share this news The Central Bank of Nigeria (CBN) has increased foreign…
33 Former Employees Drag Central Bank of Nigeria to Court Over Unlawful Termination, Demand N30 Billion in Damages
By John Joseph Kindly share this news Thirty-three former employees of the Central Bank of Nigeria…
Northern Youths Urge CBN to Ensure Federal Character in Mass Retirement, Promote Regional Balance
By Abidemi Samuel Kindly share this news The Central Bank of Nigeria (CBN) has been tasked…
CBN Clarifies Mass Exit of 1,000 Staff, Describes It as “Voluntary Retirement”
By Abidemi Samuel Kindly share this news The Central Bank of Nigeria (CBN) has shed light…
Nigerians Face Tough Festive Season as Inflation Rises to 34.60%
By Abidemi Samuel Kindly share this news A tough festive season lies ahead for Nigerians as…
Court of Appeal Overturns Ruling Restricting Rivers State’s Access to Funds
By John Joseph Kindly share this news The Abuja Division of the Court of Appeal has…
CBN Moves to Strengthen Financial Sector: Integrates PMBs and MFBs into GSI Platform
By John Joseph Kindly share this news The Central Bank of Nigeria (CBN) has unveiled plans…
CBN Cracks Down on Fintech Giants: Moniepoint and OPay Fined ₦1 Billion Each
By John Joseph Kindly share this news In a significant move to strengthen regulatory oversight in…
Central Bank of Nigeria Unveils Newly Redesigned Website to Enhance User Experience
By Abidemi Samuel Kindly share this news The Central Bank of Nigeria has announced the launch…
CBN Governor Urges Nigerians to Reconsider Relocating Abroad, We are Building an Economy Where All Can Thrive
By John Joseph Kindly share this news The Central Bank of Nigeria (CBN) Governor, Mr. Olayemi…
CBN Threatens to Impose Fines on Banks Over Cash Scarcity At ATM Machine
By John Joseph Kindly share this news The Central Bank of Nigeria (CBN) has issued a…
CBN Governor, Yemi Cardoso, Assures of Inflation and FX Pressures Ease by Q1 2025
By John Joseph Kindly share this news The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso,…