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CBN latest news - Page 17

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Naira to Dollar Rate Today – Latest News, Updates

Naira to Dollar Exchange Rate – Latest News, Updates Prime Business Africa (PBA) brings you the latest news/updates on dollar to Naira exchange rate today. The US Federal Reserve and at least 5 other central banks in Europe had recently announced new

March 29, 2023

CBN Asked To Disburse N250 billion To Cushion Subsidy Removal

Business·Opinion

Rise And Rise Of Nigeria’s Interest Rate

His mood was calculated, calm, sober and gentler than ever as he addressed his audience on Nigeria’s interest rate at the just-concluded 2023 second MPC meeting after the one in January. Central Bank Governor, Mr. Godwin Emefiele was returning to a more

March 28, 2023

Business

NLC To Suspend Strike Action Against CBN, FG Intervenes In Dispute

The Minister of Labour and Employment, Chris Ngige, said the Nigeria Labour Congress (NLC) will suspend the planned strike slated for Wednesday, 29 March 2023. Ngige revealed at the weekly ministerial briefing at the state house in Abuja on Tuesday, 28 March

March 28, 2023

Stanbic IBTC Fined N159 million For Earnings Misinformation, Hoarding Export Proceeds, Others

Business

Stanbic IBTC In Trouble For Hoarding Export Proceeds, Misinformation On Earnings

For contravening various guidelines, Stanbic IBTC Holdings Plc was slammed with fines by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). Stanbic IBTC was also penalised by the National Pension Commission (PenCom), taking the total monetary fine

March 28, 2023

Nigerian Banks Earn N135.52 Trillion From CBN's Naira Policy, E-Payment

Business

CBN Hands N12.65 billion To 3 Agric Projects

The Central Bank of Nigeria (CBN) has revealed that N12.65 billion was disbursed to three agricultural projects under the Anchor Borrowers’ Programme (ABP) between January and February 2023. Nigeria’s financial regulator said the funding was an intervention to stimulate production and productivity. This

March 27, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Dollar Sells At N461.67 Amid Various CBN Policies To Combat Forex Scarcity

The value of foreign exchange (Forex or FX) transacted in the Investors’ and Exporters’ window of the official market fell on Thursday, 23 March 2023. Prime Business Africa learnt from data obtained from FMDQ Exchange that foreign exchange supply in the official

March 24, 2023

Business

Moghalu Cautions CBN’s Emefiele Against Criminalising Cash

The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has warned the financial regulator not to criminalise cash transactions in Nigeria. Moghalu, in a post on his Twitter page on Thursday, 23 March 2023, said the purpose of

March 23, 2023

Business

NLC’s Threat Against CBN Branches Force Emefiele To Start Disbursing Old Naira Notes

Following a threat by the Nigerian Labour Congress (NLC) to shut down the branches of the Central Bank of Nigeria (CBN), the financial regulator has decided to disburse old Naira notes to Deposit Money Banks (DMBs). The NLC had disclosed on Wednesday,

March 23, 2023

Business·Currency

Naira Falls To Dollar, As CBN’s 18% MPR Set To Affect Imported Goods

FMDQ Exchange, the official foreign exchange (Forex) rate tracker, has revealed that the Dollar rate in the widow backed by the Central Bank of Nigeria (CBN) closed at N462/$1 on Tuesday, 21 March 2023. According to the official market data obtained by Prime

March 22, 2023

Breaking: CBN Tell Banks To Increase Interest Rate On Loan, Set MPR At 18.5%

Business·Insights

CBN Using Wrong Tool To Fight Inflation – Dr. Muda Yusuf, Others Tackle MPR Hike

The decision of the Central Bank of Nigeria (CBN) to increase the Monetary Policy Rate (MPR), which serves as a benchmark for commercial banks’ loan interest rates, has come under scrutiny. On Tuesday, 21 March 2023, Prime Business Africa reported that the

March 22, 2023

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CBN latest news - Page 17

Naira to Dollar Rate Today – Latest News, Updates

Rise And Rise Of Nigeria’s Interest Rate

NLC To Suspend Strike Action Against CBN, FG Intervenes In Dispute

Stanbic IBTC In Trouble For Hoarding Export Proceeds, Misinformation On Earnings

CBN Hands N12.65 billion To 3 Agric Projects

Dollar Sells At N461.67 Amid Various CBN Policies To Combat Forex Scarcity

Moghalu Cautions CBN’s Emefiele Against Criminalising Cash

NLC’s Threat Against CBN Branches Force Emefiele To Start Disbursing Old Naira Notes

Naira Falls To Dollar, As CBN’s 18% MPR Set To Affect Imported Goods

CBN Using Wrong Tool To Fight Inflation – Dr. Muda Yusuf, Others Tackle MPR Hike

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