CBN Raises Interest Rate To 24.75%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200…
CBN To Sell Forex To Bureau De Change Operators At N1,251/$1
As the naira gradually appreciates against the dollar after months of unprecendented uncertainties, the Central Bank of Nigeria (CBN), on…
Naira gains after clearing of $7bn FX backlog, appreciates to N1,382/$
The local currency continued on a recovery note on Thursday with naira appreciating significantly against the dollar, a development believed…
CBN Clears FX Transactions Backlogs Totaling $7B
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of $7 billion have now been…
Zenith Bank appoints Adaora Umeoji first female GMD
Zenith Bank Plc has appointed Dr. Adaora Umeoji as its new Group Managing Director, effective June 1, 2024. This was…
Hardship as Nigeria’s inflation rate hits 31.70% for February, cost of living rises
Nigeria’s headline inflation has moved up to 31.70 percent in February up from 29.90% in January 2024, latest data released…
Inflation: CBN increases banks’ Cash Reserve Ratio, to mop up N5trn from banking industry
Efforts by the Federal Government to curb the rising inflation will lead to N5 trillion cash mop up from the…
CBN to sell N1.64trn Treasury Bills in Q2 of 2024
The Central Bank of Nigeria, CBN, has said it would sale Treasury Bills, TBs, worth N1.64 trillion for the second quarter…
Obi knocks new MPR, says it will worsen economic situation, lead to job loss
The 2023 presidential candidate of the Labour Party, Mr. Peter Obi has given a thumbs down to the new monetary…
President Tinubu Promises Economic Revival, Forms Advisory Committee
President Bola Ahmed Tinubu has assured that an economic revival is forthcoming as he initiates a tripartite Economic Presidential Advisory…
NNPC, CBN Review Banking Services, Strengthen Relationship For Seamless Operation
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and Central Bank of Nigeria (CBN) have reviewed the NNPC Ltd.’s decision…
In meeting with Reps, CBN Gov says stabilising naira is a task for all Nigerians
The governor of the Central Bank of Nigeria, CBN, Mr. Yemi Cardoso, yesterday told members of the House of Representatives,…
Recent News
INEC absent as LP re-elects Abure Nat’l Chairman
Despite the opposition of the Nigeria Labour Congress, NLC, Mr Julius Abure was yesterday re-elected as the National Chairman of…
CBN Raises Interest Rate To 24.75%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200…
Stay connected