CBN – Page 10 of 17 – Prime Business Africa

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Nigeria’s Currency In Circulation Hits N3.87trn- CBN Reveals

Nigeria’s currency in circulation has surged to N3.87tn as of March’s end, indicating a preference for cash among Nigerians. The Central Bank of Nigeria (CBN) disclosed this in its latest money and credit statistics. The data underscores a consistent increase in currency

May 6, 2024

Nigeria's Inflation Drops To 24.48% In January

Business·News

How Govt Palliatives Push Food Inflation – CBN

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the government’s large-scale purchase of foodstuffs as palliatives is contributing to the country’s rising food inflation. This statement was made during the March Monetary Policy Committee meeting, where the

May 3, 2024

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Currency·Finance & Economy

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

CBN has increased the foreign exchange (FX) rate for calculating Customs duties by 19.43 per cent in one week following the recent depreciation of the naira in the forex market.

April 30, 2024

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Currency·Finance & Economy

Forex Crisis: Let’s Deal With Real Issues Of Boosting Production To Stabilise Naira – Moghalu

Prof. Kingsley Moghalu, has urged the Nigerian government to focus on dealing with real issues affecting production in the country to achieve stability of the naira.

April 30, 2024

Business·News

Nigerians Panic As CBN Ban Opay, Moniepoint, Others Over KYC Concerns

The Central Bank of Nigeria (CBN) has directed mobile money operators and fintech firms to suspend onboarding new customers due to concerns over their Know-Your-Customer (KYC) processes. The move, which affects companies like OPay, Palmpay, Kuda Bank, and Moniepoint, is part of

April 30, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Markets·News

Naira Depreciates To N1,300/$1, Weakens By 17.49% In 5 Days

The Nigerian Naira has taken a hit, falling to a month-to-date low of N1,300/$1 on Tuesday, April 23, 2024. This represents a 5.05% devaluation from the N1,234.49/$1 reported on the first day of the week. The exchange rate has now weakened by

April 24, 2024

Business·News

EFCC Files New Charges: How Emefiele Printed N684.5m With N18.9bn

The Economic and Financial Crimes Commission (EFCC) has filed a new charge against the former Governor of the Central Bank of Nigeria, Godwin Emefiele, at the High Court of the Federal Capital Territory. Emefiele is accused of disobeying the law with intent

April 24, 2024

Business·Markets·News

Just In: CBN Resumes Fx Sale To BDCs At N1,021/$1

The Central Bank of Nigeria (CBN) has reestablished the sale of foreign exchange (forex) to Bureau De Change (BDC) operators. The apex bank is presently offering forex to them at an exchange rate of N1,021 per dollar. This move aims to stabilize

April 23, 2024

Finance & Economy·News

Nigeria’s Current Economic Stress May Linger For 3 Years – Moghalu

As Nigerians grapple with the current economic hardship caused by high inflation and foreign exchange (Forex) instability, a former deputy governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has projected that it may linger for a minimum of two

April 23, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Markets·News

Naira Slumps To N1,234/$1 At Official Market

The Nigerian Naira witnessed a decline against the United States dollar, hitting N1,234 at the official foreign exchange market on Monday. This marks a notable fall of N65 or 5.26 percent from its previous rate of N1,169.99/$1. The downward spiral follows recent

April 23, 2024

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

CBN - Page 10

Nigeria’s Currency In Circulation Hits N3.87trn- CBN Reveals

How Govt Palliatives Push Food Inflation – CBN

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

Forex Crisis: Let’s Deal With Real Issues Of Boosting Production To Stabilise Naira – Moghalu

Nigerians Panic As CBN Ban Opay, Moniepoint, Others Over KYC Concerns

Naira Depreciates To N1,300/$1, Weakens By 17.49% In 5 Days

EFCC Files New Charges: How Emefiele Printed N684.5m With N18.9bn

Just In: CBN Resumes Fx Sale To BDCs At N1,021/$1

Nigeria’s Current Economic Stress May Linger For 3 Years – Moghalu

Naira Slumps To N1,234/$1 At Official Market

Featured Stories

Trump Threatens to Cut U.S. Aid to Nigeria, Military Action Over Killings of Christians

ICRC President Says World Leaders Must Act to End Killing in Sudan

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

Security Forces Intensify Manhunt for Abducted Kebbi Deputy Speaker

Whatsapp Channel

Latest News

North Korea’s Former Ceremonial Head of State Kim Yong Dies at 97

Woodhall Capital Targets $50 Billion to Accelerate Nigeria’s Development

Obi Urges Diplomatic Engagement as U.S. Declares Nigeria ‘Country of Particular Concern’

Lagos Police Declare Sowore Wanted Over Alleged Protest Plot

Investors Reposition As US-China Trade Deal Nears Completion

‘With No More Fed Cuts This Year, US Risks Stagflation’

INNOVATION SERIES: How Optiva Capital Partners Unlocks Global Opportunities in Africa’s Investment Immigration Revolution – Franklin Nechi

Silver Slides as Investors Lock in Profits Amid Receding Fears

North Korea’s Former Ceremonial Head of State Kim Yong Dies at 97

Suggestions

CBN - Page 10

Featured Stories

Follow Us

Whatsapp Channel

Latest News