CBN Speaks On Current Cash Scarcity In Parts Of Nigeria
CBN has reacted to reports of cash scarcity in some locations, assuring that there is sufficient bank notes for economic activities.
Suggestions
Air Peace Chairman Decries CBN’s 6-Month Delay In Releasing $14m
Allen Onyema, chairman of Air Peace, has lamented that the Central Bank of Nigeria (CBN) is withholding $14 million, which was meant for the maintenance of the airline's aircraft.
CBN Denies Rumours Of Plans To Redenominate Naira
The Central Bank of Nigeria (CBN) has denied rumours about plans to redenominate the naira in 2024. In a statement signed by the Bank’s Director, Corporate Communications, Isa AbdulMumin and shared on the Bank’s X handle on Tuesday, it there is no
Nigerian Senate Moves Against CBN Governors Contesting Elections To Avert Another Emefiele
two bills seeking to prevent serving Governor and Deputy Governors of Central Bank of Nigeria (CBN) from partisan politics yesterday scaled second reading on the floor of the Senate.
Nigerian Govt Restructures CBN Debt To N4.36tn In 2023
The Nigerian government has restructured its debt to the Central Bank of Nigeria (CBN), resulting in a reduction of the owed amount to N4.36 trillion as of June 2023, according to data from the CBN’s quarterly statistical bulletin. This change follows
Nigeria Week Ahead: CBN Rate Decision, Inflation And Oil in Focus
The combination of mounting geopolitical risk and Fed rate expectations rocked global financial markets last week.
World Food Day, CBN And Lifting Of Forex Ban On Foodstuffs
Today is World Food Day – a day set aside by the United Nations to encourage action for the future of food, people, and the environment and awareness of hunger. Although this year’s celebration is centered around the theme: “Water is Life,
Finance Minister Vows Responsible Budget Support As Nigeria Seeks $1.5bn World Bank Deal
Nigeria’s Finance Minister Wale Edun has stated that President Tinubu is committed to adhering to statutory limits when seeking budget support from the Central Bank of Nigeria. Edun, who made this known at the ongoing World Bank/IMF Annual Meetings in Marrakech, stated:
Official Forex Market Sees $53.02m Surge As Nigeria Lifts Ban On 43 Items
Forex Market witnessed a surge in turnover, totaling $53.02 million, following the Central Bank of Nigeria's decision to lift the ban on 43 items.
IMF, World Bank Praise CBN For Lifting Forex Ban On 43 Items
The International Monetary Fund (IMF) and World Bank have lauded the Central Bank of Nigeria’s decision to lift restrictions on 43 items banned from accessing foreign exchange through official channels. Speaking at the ongoing IMF/World Bank Annual meetings in Marrakech, Morocco, the
Featured Stories
Whatsapp Channel
Latest News
Investors Shrug Off Banking Jitters, But More Volatility Lies Ahead – deVere CEO
Financial markets have become conditioned to shrug off setbacks, assuming
Crypto Dives Further Amid Renewed Deleveraging Events
Bulls seem increasingly reluctant to step in and absorb risk,
Innovation Series: Michael Gelpke Brings Home a Governmental Contract Worth 160M USD In Africa
His global experience, spanning Europe, Asia, and the Middle East,
Markets Find Footing as Gold Shines
Jerome Powell remarks about QT has attracted a fair bit
Follow Us