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CBN - Page 4

Don’t Raise Interest Rate Beyond 27.5% – Lawmakers Warn CBN

As the Central Bank of Nigeria (CBN) plans to hold its 300th Monetary Policy Committee (MPC) meeting next week, lawmakers have warned against raising the benchmark interest rate beyond the current 27.5 per cent in a bid to bring down inflation. The

May 16, 2025

Finance & Economy·Opinion

CBN And The $1 Trillion Economy

The Central Bank of Nigeria (CBN) has keyed into the $1 trillion economy envisioned by President Bola Ahmed Tinubu by 2030. And the global management consulting firm, McKinsey and Co. is sanguine about the economy. McKinsey had projected that the economy would

May 15, 2025

Business·News

CBN Unveils Non-Resident BVN, Strengthens Ties With Nigerians In Diaspora

The Central Bank of Nigeria (CBN) has introduced the Non-Resident Bank Verification Number (NRBVN) as part of efforts to strengthen financial inclusion and enhance banking services for Nigerians in the diaspora. The initiative, which was launched in Abuja on Tuesday, aims to

May 14, 2025

Business·Currency·Markets

Naira Further Appreciates At Official Market

Nigerian naira further appreciated against the United States Dollar on Tuesday, 13 May, at the official segment of the foreign exchange market. Data from the Central Bank of Nigeria (CBN) on exchange rate showed that the naira rose slightly to N1,600.030 per

May 14, 2025

Business·News

NDIC Begins Payment Of ₦46.6bn To Heritage Bank Depositors

The Nigeria Deposit Insurance Corporation (NDIC) has begun the payment of ₦46.6 billion as liquidation dividends to defunct Heritage Bank depositors who had funds more than the insured limit of ₦5 million. According to a statement signed by the NDIC Acting Head

April 27, 2025

Business

CBN’s Emphasis On Financial Inclusion

The Central Bank of Nigeria (CBN) has emphasised its commitment to financial inclusion for the greater benefit of the economy. CBN is the Custodian and Project Manager of the National Financial Inclusion Strategy, which was launched in 2012 after a report by

April 24, 2025

Business·Currency·Markets

Naira Sinks Further Despite CBN’s Efforts To Boost Liquidity, Stability

The Nigerian naira has continued to depreciate against the dollar at the foreign exchange (FX) market, despite efforts by the Central Bank of Nigeria (CBN) to boost FX liquidity. Data from the CBN showed that the naira began the new week on

April 8, 2025

Finance & Economy

Why Net FX Reserves Rose To $23.11bn In 2024 – CBN

Nigeria’s net foreign exchange reserves increased significantly to $23.11 billion by the end of 2024, the highest level in more than three years. This is according to data released by the Central Bank of Nigeria (CBN). In a statement issued on Tuesday,

April 3, 2025

Finance & Economy·Opinion

Perspectives On Inflation

The Central Bank of Nigeria (CBN) has been making good efforts and using the necessary monetary tools, especially the Monetary Policy Rate (MPR), to fight inflation, and it is anticipated that the Bank will achieve its target objective in the long run.

March 12, 2025

Supreme Court Grants Financial Autonomy To LGs, Bars Govs From Dissolving Councils

Politics

Supreme Court Freezes Rivers Allocation, Orders Return Of Amaewhule-led Assembly

The Nigeria’s Supreme Court has ordered the Central Bank of Nigeria (CBN), Accountant General of the Federation (AGF) and other agencies to stop releasing funds to the Rivers State government. It said staus quo can only return when the Rivers House of

February 28, 2025

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CBN - Page 4

Don’t Raise Interest Rate Beyond 27.5% – Lawmakers Warn CBN

CBN And The $1 Trillion Economy

CBN Unveils Non-Resident BVN, Strengthens Ties With Nigerians In Diaspora

Naira Further Appreciates At Official Market

NDIC Begins Payment Of ₦46.6bn To Heritage Bank Depositors

CBN’s Emphasis On Financial Inclusion

Naira Sinks Further Despite CBN’s Efforts To Boost Liquidity, Stability

Why Net FX Reserves Rose To $23.11bn In 2024 – CBN

Perspectives On Inflation

Supreme Court Freezes Rivers Allocation, Orders Return Of Amaewhule-led Assembly

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