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CBN - Page 6

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

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

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

Business·News

Supplementary Budget, Minimum Wage May Hinder Economic Reforms, Warns Agusto & Co.

Agusto & Co. Warns of Economic Reform Risks Rating firm Agusto & Co. has raised concerns that the N6.6 trillion supplementary budget and the proposed N70,000 minimum wage might disrupt the economic reforms of the Bola Tinubu administration. In their latest report,

September 2, 2024

Naira Falls Against Dollar Across FX Markets

Business·News

Forex Crisis Causes 57% Drop In Nigeria’s Letter Of Credit Payments, Impacting Imports, Economy

Nigeria’s Letter of Credit Payments Drop Amid Forex Crisis Nigeria’s economy is feeling the impact of a severe forex crisis, with the country’s Letter of Credit (LC) payments for the first seven months of 2024 plummeting by 57.04%. According to the Central

September 2, 2024

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Business·News

Nigerian Households To Prioritise Essentials, Cut Back On Major Purchases- CBN

Nigerian Households Shift Spending Priorities, Says CBN Survey A recent survey conducted by the Central Bank of Nigeria (CBN) reveals that Nigerian households are preparing to allocate a significant portion of their income to essential needs such as food, education, and transportation

August 31, 2024

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

Business·Markets·News

Naira Falls 35.53% Against Dollar In Q1 Amid Increased Forex Inflow- CBN

CBN’s Economic Report Highlights Naira’s Decline The Central Bank of Nigeria (CBN) has released its economic report for the first quarter of 2024, revealing a significant decline in the naira’s value against the US dollar. According to the CBN, the average exchange

August 23, 2024

Business·Markets·News

Business Owners’ Economic Conditions To Improve By 7.6 Points In August, Says CBN

Business Optimism Rising in Nigeria, CBN Reports Business owners in Nigeria are optimistic about the future, according to the Central Bank of Nigeria (CBN). The CBN’s latest Business Expectations Survey (BES) indicates that business conditions are expected to improve in August 2024,

August 21, 2024

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

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th July 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki FX? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market, especially the Aboki fx as of 26th July 2024

July 26, 2024

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

Business·Finance & Economy·News

‘Why CBN Should Not Raise Interest Rate’ As MPC Meets

The Central Bank of Nigeria (CBN) has been advised to suspend further hike of the benchmark interest rate because of the impact on the economy. This comes as the CBN Monetary Policy Committee (MPC) holds its 296th meeting today, Monday, 22 July,

July 22, 2024

Business·News

Rise In Crude Oil Exports Will Strengthen The Naira, Says CBN

CBN’s Macroeconomic Outlook The Central Bank of Nigeria (CBN) has highlighted the crucial role of increased crude oil production and exports in strengthening the naira. In its latest report, “Macroeconomic Outlook: Price Discovery for Economic Stabilisation,” the CBN emphasised the potential for

July 19, 2024

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CBN - Page 6

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

Supplementary Budget, Minimum Wage May Hinder Economic Reforms, Warns Agusto & Co.

Forex Crisis Causes 57% Drop In Nigeria’s Letter Of Credit Payments, Impacting Imports, Economy

Nigerian Households To Prioritise Essentials, Cut Back On Major Purchases- CBN

Naira Falls 35.53% Against Dollar In Q1 Amid Increased Forex Inflow- CBN

Business Owners’ Economic Conditions To Improve By 7.6 Points In August, Says CBN

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th July 2024

‘Why CBN Should Not Raise Interest Rate’ As MPC Meets

Rise In Crude Oil Exports Will Strengthen The Naira, Says CBN

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