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CBN latest news - Page 9

CBN Finally Lifts Forex Restrictions On 43 Items Banned By Emefiele [FULL LIST]

Nine years after the Central Bank of Nigeria (CBN) under its former Governor, Godwin Emefiele, placed restriction on access to the official foreign exchange (forex) market for the importation of some 43 items, the ban was on Thursday lifted by the

October 12, 2023

Breaking: Senate Confirms Cardoso As CBN Governor, 4 Deputies

Business

CBN Sustains Market Intervention To Stabilize Exchange Rates, Announces New Measures

In its half-year financial markets report, the Central Bank of Nigeria (CBN) revealed that it has maintained efforts to alleviate demand pressures and ensure exchange rate stability. Mr. Fola Shonubi, the then acting governor of the Central Bank of Nigeria highlighted the

October 11, 2023

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Opinion

CBN Governors And Policy Priorities

By Arize Nwobu The Central Bank of Nigeria (CBN) was established by the CBN Act of 1958 and commenced operation in 1959. The current legal framework within which the CBN operates is the CBN Act of 2007 which repealed the CBN

October 11, 2023

eNaira Sees Surge In Transaction Volume, Yet Adoption Lags Behind

Business

CBN Defends eNaira, Emphasizes Role In Financial Inclusion

CBN has pushed back against claims in some quarters that its digital currency, the eNaira, poses a threat to the nation's financial stability.

October 9, 2023

Naira To Sustain Depreciation In 2024 - Analysis Reveals

Business·Currency

40% Depreciation Pushes Nigeria’s Naira Among Worst Currencies In Africa

A World Bank report released this October has ranked the Naira among the worst-performing currencies in Africa, as the Nigerian currency lost 40 per cent of its value following the devaluation carried out by the Central Bank of Nigeria (CBN) on

October 5, 2023

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

Business·Finance & Economy

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

Nigeria’s currency, the Naira, experienced a significant depreciation during the third quarter of 2023, with the unofficial market rate plummeting to N1000/$1. This alarming drop, coupled with a decline in external reserves, is raising concerns about the nation’s economic stability. Official figures

October 4, 2023

Business·News

Senate Warns Tinubu Against Unapproved Use Of CBN Funds For CNG Buses

The Nigerian Senate, in Tuesday’s plenary, stood firmly against any potential move by President Bola Tinubu to utilize the Central Bank of Nigeria’s Ways and Means to finance the purchase of Compressed Natural Gas (CNG) buses. These buses were envisioned as a

October 4, 2023

Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Business·Finance & Economy·News

Experts Urge Focus On Local Industries As Naira Fall Persists

In recent times, Nigeria has been grappling with the continuous devaluation of its currency, the Naira, against major foreign currencies. This persistent depreciation has raised concerns among economic experts and policymakers about the state of the Nigerian economy, its dependence on imports,

October 3, 2023

DSS Rearrests Emefiele After Tussle With Prison Officials

Business·News

FG Refutes Reports Of Plea Deal With Former CBN Governor

In a surprising twist to the ongoing saga surrounding the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, Nigeria’s Federal Ministry of Justice has categorically denied the existence of any plea deal with Emefiele, refuting earlier reports. Addressing the

October 1, 2023

Business·Finance & Economy·News

Muda Yusuf Advises CBN, Other Authorities To Create Policies That Encourage Domestic Investments In Nigeria

Chief Executive Officer of the Centre For Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has called on the Central Bank of Nigeria (CBN) and other fiscal authorities in the country to make policies that would favour an increase in domestic investments

September 28, 2023

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CBN latest news - Page 9

CBN Finally Lifts Forex Restrictions On 43 Items Banned By Emefiele [FULL LIST]

CBN Sustains Market Intervention To Stabilize Exchange Rates, Announces New Measures

CBN Governors And Policy Priorities

CBN Defends eNaira, Emphasizes Role In Financial Inclusion

40% Depreciation Pushes Nigeria’s Naira Among Worst Currencies In Africa

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

Senate Warns Tinubu Against Unapproved Use Of CBN Funds For CNG Buses

Experts Urge Focus On Local Industries As Naira Fall Persists

FG Refutes Reports Of Plea Deal With Former CBN Governor

Muda Yusuf Advises CBN, Other Authorities To Create Policies That Encourage Domestic Investments In Nigeria

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