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CBN latest news - Page 26

Criticism Trails Senate's Approval Of CBN’s N22.7 trillion Loans To FG

CBN’s Godwin Emefiele Gets Buhari’s Support Amid Faceoff With DSS

President Muhammadu Buhari and the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, met on Thursday at the State House, Abuja. Emefiele met President Buhari during a delegation visit of the Arab Bank for Economic Development led by its Director

January 19, 2023

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business

Naira Hawkers Face Arrest, CBN Says Banks Ignoring New Banknotes

The Central Bank of Nigeria (CBN) has threatened to arrest persons selling the new naira notes, as it begs banks to come collect the redesigned currencies. During a sensitization programme on Wednesday, January 18, the head of Legal department of the central

January 19, 2023

Business

Court Adjourns Summons Of CBN Gov, Godwin Emefiele, Set New Date

The appearance of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, scheduled for Wednesday, 18 January 2023, has been adjourned. Emefiele was summoned by Justice Inyang Ekwo to appear before the Federal High Court Abuja over a $53 million

January 18, 2023

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

Business·Currency

Dollar Rate Rises As CBN Finds It Difficult To Supply Forex

The naira couldn’t hold its ground against the dollar on Friday, 13 January 2023, depreciating in value by 0.16 per cent, data from the FMDQ Exchange has shown. According to the data rate aggregator of the official market, it was learnt that

January 16, 2023

Business

CBN Fumes As Politicians Mop Up New Naira Notes In Nigerian Banks

Commercial banks in Nigeria risk sanction from the country’s financial regulator, the Central Bank of Nigeria (CBN), for exclusively dishing out the new naira notes politicians. In a statement signed by Benedict Maduagwu, the CBN’s Awka-Anambra State Branch Controller, the financial regulator

January 13, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Forex Supply Falls In Official Market, As Dollar Trades At N461.67, Pound Rises

The supply of foreign exchange (forex) fell by 40.3 per cent in the official market on Monday, as the exchange rate stabilises in the window backed by the Central Bank of Nigeria (CBN). During trading on January 10, Prime Business Africa leant

January 10, 2023

Polaris Bank Media Seminar: Expert Calls For More Training On Investigative Journalism

Business

2 Reasons We Didn’t Sell Polaris Bank To Fairview Acquisition Partners – CBN

The Central Bank of Nigeria (CBN) has revealed that Fairview Acquisition Partners undervalued Polaris Bank in their acquisition offer. The CBN revealed this in a statement reacting to the allegation of bias after selling Polaris Bank to Strategic Capital Investment Limited (SCIL).

January 5, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Naira Gains In Official Market As Dollar Rate Falls Ahead Of CBN Deadline

The naira appreciated in the official market on Tuesday, December 3, 2023, as the Central Bank of Nigeria (CBN) backed foreign exchange channel resumed for forex trading. After trading hours, the dollar exchanged for the naira at N461/$1, indicating the United States currency

January 4, 2023

Failure To Scrap Fuel Subsidy, Cash Shortage Major Fiscal Risk To Nigeria’s Economy - FocusEconomics

Business

Buhari Says Govt Will Pay N1.8 trillion Interest On N23.7trn CBN Loan

President Muhammadu Buhari disclosed that the Central Bank of Nigeria (CBN) will have to be paid N1.8 trillion if the National Assembly doesn’t restructure the N23.7 trillion loan obtained from the apex bank. Buhari said the government is currently paying three per cent

January 4, 2023

Business

Nigeria’s Foreign Reserves Drops To $37.09 billion, CBN’s MPC Member Makes Projection

Within 12 months, Nigeria’s foreign reserves fell by $3.43 billion in 2022. However, it increased towards the end of the same year, reflecting the projection made by a member of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC). The external

January 3, 2023

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CBN latest news - Page 26

CBN’s Godwin Emefiele Gets Buhari’s Support Amid Faceoff With DSS

Naira Hawkers Face Arrest, CBN Says Banks Ignoring New Banknotes

Court Adjourns Summons Of CBN Gov, Godwin Emefiele, Set New Date

Dollar Rate Rises As CBN Finds It Difficult To Supply Forex

CBN Fumes As Politicians Mop Up New Naira Notes In Nigerian Banks

Forex Supply Falls In Official Market, As Dollar Trades At N461.67, Pound Rises

2 Reasons We Didn’t Sell Polaris Bank To Fairview Acquisition Partners – CBN

Naira Gains In Official Market As Dollar Rate Falls Ahead Of CBN Deadline

Buhari Says Govt Will Pay N1.8 trillion Interest On N23.7trn CBN Loan

Nigeria’s Foreign Reserves Drops To $37.09 billion, CBN’s MPC Member Makes Projection

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CBN latest news - Page 26

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