JUST IN: CBN reveals three dangers to Nigeria’s External Reserves
The Central Bank of Nigeria has revealed that lower crude oil earnings, fuel subsidy removal, lower import bills and increased external debt servicing obligations are […]
CBN
JUST IN: CBN maintains FG’s Ways and Means loan at 5%
The Central Bank of Nigeria said it will maintain its Ways and Means advances to the federal government at a 5 percent maximum benchmark for […]
Fresh Gist: CBN will be limited without autonomy — Northern Youths
The Northern Ethnic Youth Group Assembly (NEYGA) has expressed concerns over the proposed amendments to the Central Bank of Nigeria (CBN) Act of 2007, which […]
BREAKING NEWS: Nigeria’s deficit increased by 0.1% to N824.79bn in April – CBN
Nigeria’s federal government fiscal deficit increased on a month-on-month by 0.1 percent to N824.79 billion in April 2024. The Central Bank of Nigeria disclosed this […]
BREAKING NEWS: Nigeria’s inflation decline in July shows monetary measures yielding results – CBN
The Central Bank of Nigeria has said the decline in headline inflation in July 2024 is an indication that its monetary policy tightening measures are […]
BREAKING NEWS: CBN records all-time high remittance inflows of $553m in July
The Centre Bank of Nigeria said it recorded an all-time high remittance inflows of $553 million in July 2024. The apex banks’ spokesperson, Sidi Hakama […]
CBN Approves Providus Bank and Unity Bank Merger
CBN has approved the Providus Bank and Unity Bank merger. Newsone Nigeria reports that the Central Bank of Nigeria (CBN) led by Olayemi Cardoso, has approved the […]
BREAKING NEWS: CBN raises import duty exchange rate by N18 amid Naira fluctuations against Dollar
The Central Bank of Nigeria has raised the Import duty exchange rate to N1618.73 amid foreign exchange fluctuations. According to the Nigeria trade hub, the […]
BREAKING NEWS: Dollar demand spike: CBN to commence FX Dutch Auction System Wednesday
The Central Bank of Nigeria says it will commence a Retail Dutch Auction System to address foreign exchange fluctuations in the country’s forex market. The […]
BREAKING NEWS: Opposition lawmakers stage walkout as Reps vote to raise ‘Ways and Means’ borrowing
Some opposition lawmakers in the House of Representatives staged a walkout from the Green Chamber on Wednesday over the increment of the controversial Central Bank […]