CBN – Page 4 of 17 – Prime Business Africa

Emefiele Owns 753 Duplexes In Abuja Estate Forfeited To EFCC – Sowore

EFCC Claims Largest Asset Recovery in Its History The Economic and Financial Crimes Commission (EFCC) has taken possession of a massive estate in Abuja linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. The estate, comprising 753 duplexes, was officially

December 3, 2024

Cash Scarcity: CBN, Banks, PoS Operators Trade Blame

Opinion

Cash Scarcity: What’s CBN Hiding From Nigerians?

With the passage of time and events, we may not have to argue this anymore: Nigeria’s cash crises of late 2022 and early 2023 had serious effects on the living and the dead, even the unborn. The current situation, with reports of

November 18, 2024

Finance & Economy·News

Financial Inclusion Key To Realising Nigeria’s $1trn Economy Target – Cardoso

Central Bank of of Nigeria (CBN) Governor, Dr Olayemi Cardoso, has stated that deepening financial inclusion is key to realising Nigeria’s $1 trillion economy target by 2030. Dr Cardoso stated this in his welcome address at the second edition of the International

November 13, 2024

Business·Currency·News

Weak Naira: CBN Sells $543.5m To Boost FX Market

The Central Bank of Nigeria (CBN) has announced that it sold a total sum of $543.5 million to authorised dealer banks between 6 – 30 September 2024. According to a statement by CBN’s Director, Financial Market Department, Omolara Duke, released on Friday,

October 5, 2024

How Nigeria's FX Reserves Dropped By $1.3bn– Report

Business·News

Nigeria’s External Reserves Hit $37.31 Billion As Naira Weakens

Nigeria’s external reserves have risen to $37.31 billion, marking a 22-month high, yet the naira continues to weaken, showing no signs of recovery. External Reserves Reach 22-Month High Nigeria’s external reserves, the country’s stock of foreign currency, reached $37.31 billion on September

September 23, 2024

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

Business·News

CBN Reduces Cybersecurity Levy On Electronic Transactions To 0.005%

Cybersecurity Levy Slashed by CBN The Central Bank of Nigeria (CBN) has made a significant reduction in the cybersecurity levy on electronic transactions, lowering the rate from 0.5% to 0.005%. This decision comes after months of public outcry and protests against the

September 19, 2024

Business·News

CBN Limits Ways And Means Advances To 5% Despite National Assembly’s Proposal For Increase

CBN Maintains 5% Limit on Ways and Means Advances The Central Bank of Nigeria (CBN) has said it will cap its Ways and Means Advances to the Federal Government at 5% for the fiscal years 2024 and 2025. This decision comes despite

September 17, 2024

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Business·News

Nigeria’s Foreign Reserves Rise By $621.2 Million In 10 Days After Domestic Dollar Bond Sale

Nigeria’s Foreign Reserves See Significant Growth Nigeria’s foreign exchange reserves have risen by $621.2 million within 10 days, thanks to the successful sale of a domestic dollar bond. This growth has come at a crucial time, as the country looks to strengthen

September 15, 2024

Business·News

CBN Orders PoS Transaction Tracking, Sets 30-Day Deadline For Payment Providers

CBN Mandates PoS Transaction Tracking Across Nigeria The Central Bank of Nigeria (CBN) has issued a new directive requiring all Payment Service Providers (PSPs) to track and manage every Point of Sale (PoS) transaction. The CBN has set a 30-day deadline for

September 12, 2024

Business·News

Experts Warn Of Economic Risks As External Debt Servicing Rises To $2.78bn

Nigeria’s external debt servicing surged by 53.63% to $2.78bn in 2024. Experts warn of economic risks as debt servicing strains government resources. Nigeria’s Soaring External Debt: A Growing Concern Nigeria’s external debt servicing costs have surged significantly in 2024, raising concerns among

September 3, 2024

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CBN - Page 4

Emefiele Owns 753 Duplexes In Abuja Estate Forfeited To EFCC – Sowore

Cash Scarcity: What’s CBN Hiding From Nigerians?

Financial Inclusion Key To Realising Nigeria’s $1trn Economy Target – Cardoso

Weak Naira: CBN Sells $543.5m To Boost FX Market

Nigeria’s External Reserves Hit $37.31 Billion As Naira Weakens

CBN Reduces Cybersecurity Levy On Electronic Transactions To 0.005%

CBN Limits Ways And Means Advances To 5% Despite National Assembly’s Proposal For Increase

Nigeria’s Foreign Reserves Rise By $621.2 Million In 10 Days After Domestic Dollar Bond Sale

CBN Orders PoS Transaction Tracking, Sets 30-Day Deadline For Payment Providers

Experts Warn Of Economic Risks As External Debt Servicing Rises To $2.78bn

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