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CBN latest news - Page 33

Naira Ends Week With Marginal Gain Against Dollar

CBN’s ‘Naira 4 Dollar Scheme’ Generates $2.4 billion Diaspora Remittances

The ‘Naira 4 Dollar Scheme’ created by the Central Bank of Nigeria (CBN) in 2021, attracted $2.4 billion in diaspora remittances within eight months, surpassing the figure reported last year. According to the Director, Trade and Exchange department of the central bank,

August 29, 2022

News·World News

Trapped Funds: CBN Releases $265m To Foreign Airlines In Latest Strategic Move

In a strategic move to address the issue of trapped funds belonging to foreign airlines and check the brewing crisis in Nigeria’s aviation sector, the Central Bank of Nigeria (CBN) has released the sum of $265 million to settle outstanding ticket sales.

August 26, 2022

Business

CBN’s Godwin Emefiele Unveils New USSD Code For eNaira 10 Months After Launch

The Central Bank of Nigeria (CBN) has revealed *997# as the Unstructured Supplementary Service Data (USSD) code for the eNaira. The apex bank said the new code will increase the possibilities of the naira. Recall that the Nigerian financial regulator had launched

August 26, 2022

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

Business·Opinion

Economy, CBN And ‘Naira Battles’

The economy is the ‘oxygen’ of a people, and basically about the allocation of scarce resources for production, distribution and consumption for the fulfillment of the needs of the people. A national economy is classified into four basic sectors, namely, the primary

August 25, 2022

Business·Currency

Dollar To Naira Exchange Rate: BDC Operators Increase Dollar Rates After CBN Snub

August 24, 2022 Dollar Rates Update: Bureau De Change (BDC) operators increased Dollar rates on Tuesday, as demand for the United States currency outweighs supply in the black market and official forex market in Nigeria. The operators in the parallel market sold

August 24, 2022

No Plan To Phase Out Naira Notes, CBN Debunks

Business·News

Nigerian Government Sees Naira Recovery In 2025

The Nigerian government foresees naira recovery, saying it expects the national currency to recover in the next three years. The naira has experienced unprecedented loss of value against the dollar and other foreign currencies in the last one year, a major weakness

August 19, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

Nigeria’s Central Bank Reverses COVID-19 Loan Interest To 9%

The Central Bank of Nigeria (CBN) has reversed the interest rate on intervention loan extended towards small, medium and large scale companies to alleviate COVID-19 impact on their operation. CBN restored the interest rate to 9 percent, having issued the loan on

August 18, 2022

Business

CBN’s Godwin Emefiele Increases Savings Interest Rate – How It Affects Nigerians, Inflation

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has increased interest rate on savings account, as the apex bank said Nigeria’s economy has returned to normalcy. In a circular dated August 15, the financial regulator directed commercial banks to

August 16, 2022

Business

CBN’s Move To Defend Naira Against Dollar Affects External Reserves, Drops $337 million In Two Weeks

The Central Bank of Nigeria (CBN) has taken foreign exchange out of the external reserves to defend the naira against the dollar, resulting to the reserves depleting by $337 million. According to data from the central bank, it was gathered that the

August 16, 2022

Governor of Nigerias Central Bank Godwin Emefiele

Business

CBN’s Emefiele Defends Rising Debt Under Buhari, As World Bank Ranks Nigeria Fourth Chronic Debtor

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has defended the rising debt under President Muhammadu Buhari, stating that borrowing is an essential part of running a government. Emefiele said it is not a crime to borrow, as debt

August 12, 2022

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CBN latest news - Page 33

CBN’s ‘Naira 4 Dollar Scheme’ Generates $2.4 billion Diaspora Remittances

Trapped Funds: CBN Releases $265m To Foreign Airlines In Latest Strategic Move

CBN’s Godwin Emefiele Unveils New USSD Code For eNaira 10 Months After Launch

Economy, CBN And ‘Naira Battles’

Dollar To Naira Exchange Rate: BDC Operators Increase Dollar Rates After CBN Snub

Nigerian Government Sees Naira Recovery In 2025

Nigeria’s Central Bank Reverses COVID-19 Loan Interest To 9%

CBN’s Godwin Emefiele Increases Savings Interest Rate – How It Affects Nigerians, Inflation

CBN’s Move To Defend Naira Against Dollar Affects External Reserves, Drops $337 million In Two Weeks

CBN’s Emefiele Defends Rising Debt Under Buhari, As World Bank Ranks Nigeria Fourth Chronic Debtor

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