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CBN - Page 5

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

CBN’s Recalibration Conundrum: A Critical Analysis Of Nigeria’s Economic Trajectory

As the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) convenes today, the recent rebasing of the Consumer Price Index (CPI) has raised questions about the accuracy of Nigeria’s inflation metrics. The newly adjusted Headline CPI for January 2025 stands at

February 19, 2025

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

News

CBN And Consistent Increase In MPR

The vision of the Central Bank of Nigeria (CBN) is to be the most efficient and effective of the world’s central banks in promoting and sustaining economic development. And the mission is to be proactive in providing a suitable framework for the

December 12, 2024

News·Politics·Top Stories

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

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CBN - Page 5

CBN’s Recalibration Conundrum: A Critical Analysis Of Nigeria’s Economic Trajectory

CBN And Consistent Increase In MPR

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

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