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CBN - Page 14

Moghalu Lists What Makes Emefiele Most Damaging CBN Governor In History

Moghalu Briefs EU Nigeria On Economy, Named Fellow Academy Of Int’l Affairs

A former Deputy Governor of the Central Bank of Nigeria, Prof. Kingsley Moghalu, on Tuesday, briefed the diplomatic missions of EU member countries in Nigeria on the Nigerian economy. Prof Moghalu, who is also President of the Institute for Governance and Economic

March 27, 2024

Nigerian Govt's Suspension Of Taxes On Food Imports Will Stabilise Prices - NACCIMA

Business·News

Forex Backlogs: NACCIMA Seeks CBN’s Urgent Attention To Unmet FX Requests By OPS Operators

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has commended the clearing of a $7 billion foreign exchange backlog by the Central Bank of Nigeria (CBN). The body however called on the government to take urgent steps to

March 26, 2024

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Business·Finance & Economy

Inflation: CBN Raises MPR Again To 24.75%

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR), the benchmark interest rate to 24.75 per cent, from the previous 22.75 per cent.

March 26, 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·News

CBN Sells Dollars At ₦1,252/$1 To BDCs, As Naira Value Rises Further

In its bid to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has announced second tranche of dollar sales to eligible Bureau de Change (BDC) operators at the rate of ₦1,251/$1. The CBN said this is to

March 26, 2024

Naira Opens Week With Gain Across FX Markets

Business·Currency

Forex: Naira Ends Week On A Positive Note With N1,431/$ At Official Market

Nigeria’s currency, the naira, that has been depreciating in value for months in the foreign exchange market, ended this week on a positive note at rate of N1,431.49 against one US Dollar at the official market.

March 24, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency

Naira Appreciates Further To ₦1,453 At Official Market

Naira continued its appreciation in the foreign exchange market closing trading at ₦1,453.28/$1 at the official market on Thursday, 21 March 2024. This means it recorded ₦39, reflecting 2.6 per cent gain from Wednesday’s closing rate of ₦1,492.61 according to Nigerian Autonomous

March 22, 2024

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Business·Finance & Economy·News

Nigeria’s Inflation Projected To Reach 32.63% Amidst Economic Challenges

Muhammad Sani Abdullahi, Deputy Governor of Nigeria’s Central Bank, unveiled projections indicating a rise in Nigeria’s inflation rate. Abdullahi’s insights, disclosed during an event at London’s CITI-CEEMA Macro Conference on March 20, 2024, painted a concerning picture of the country’s economic landscape.

March 21, 2024

Finance & Economy

Naira Rebound To N1,400, CBN Clearing Of FX Backlogs: It’s Not Yet Time For Celebration – Expert

The clearing of foreign exchange backlogs by the Central Bank of Nigeria (CBN) and the appreciation of the value of the naira in the forex market has cast an air of delight in the financial landscape, however, an economic expert believes that

March 21, 2024

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

Business·Markets·News

CBN Clears $7bn Forex Backlog, Boosting Economic Confidence

The Central Bank of Nigeria has announced the successful clearance of all valid foreign exchange (Forex) backlogs, marking a significant milestone in the nation’s economic journey. This accomplishment fulfills a commitment made by CBN Governor, Mr Olayemi Cardoso, to address an inherited

March 21, 2024

CBN Donates CBN N100bn Fertilisers To Boost Food Production

Agro-Economy·News

CBN Donates N100bn Fertilisers To Boost Food Production

In its quest to support efforts by the Federal Government to mitigate the raging food crisis, the Central Bank of Nigeria (CBN), has donated 2.15 million bags of fertilisers worth over N100 billion to the Federal Ministry of Agriculture and Food Security (FMAFS) to

March 13, 2024

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CBN - Page 14

Moghalu Briefs EU Nigeria On Economy, Named Fellow Academy Of Int’l Affairs

Forex Backlogs: NACCIMA Seeks CBN’s Urgent Attention To Unmet FX Requests By OPS Operators

Inflation: CBN Raises MPR Again To 24.75%

CBN Sells Dollars At ₦1,252/$1 To BDCs, As Naira Value Rises Further

Forex: Naira Ends Week On A Positive Note With N1,431/$ At Official Market

Naira Appreciates Further To ₦1,453 At Official Market

Nigeria’s Inflation Projected To Reach 32.63% Amidst Economic Challenges

Naira Rebound To N1,400, CBN Clearing Of FX Backlogs: It’s Not Yet Time For Celebration – Expert

CBN Clears $7bn Forex Backlog, Boosting Economic Confidence

CBN Donates N100bn Fertilisers To Boost Food Production

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