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Central Bank of Nigeria News

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

CBN Announces Measures To Tackle Inflation As Reforms Attract $24bn Inflow

Inflation Pressure Eases Due to Central Bank Policies Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says inflationary pressure has started dropping, due to the central bank’s policy measures aimed at reducing the current inflation rate of 33.69%. He made

June 26, 2024

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Opinion

Why We Should Protect The Independence Of Central Bank

The Senate is currently undertaking a comprehensive amendment of the Central Bank Act of 2007, but the exercise is generating mixed reactions in the banking industry. Operators are worried that some of the new clauses being proposed by the lawmakers are capable

May 31, 2024

Moghalu Lists What Makes Emefiele Most Damaging CBN Governor In History

Business·Finance & Economy·News

Moghalu Criticizes ‘Media Trial’ Of Godwin Emefiele, Stresses Caution Amid Fraud Allegations

Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has stepped forward to condemn what he termed a “media trial” surrounding the allegations against ex-CBN chief Godwin Emefiele. Emefiele faces charges of procurement fraud exceeding $1.2 billion, with the

December 24, 2023

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

Opinion

Redefining The Operations Of CBN

By Arize Nwobu The new Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso has set out a new agenda that aims to redefine the operations of the apex bank, strengthen the banking system and tackle inflation among other

December 1, 2023

Finance & Economy·News

CBN’s Cardoso Hints On New Recapitalisation For Nigerian Banks

The Central Bank of Nigeria (CBN) has hinted on the plan to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs). This entails commercial banks in the country being required to raise additional capital to meet the demands

November 25, 2023

Business·News·Technology

Top 10 Nigerian Tech Startups In 2023

Nigeria’s tech startup ecosystem has continued to surge ahead, with innovation at its peak in 2023. The country’s young and tech-savvy population, combined with a growing entrepreneurial spirit, has propelled Nigerian startups into the global spotlight. In 2023, these startups are not

September 9, 2023

Business

World Bank, IMF, CBN Accused Of Sabotaging Nigeria, China Swap Deal Amid Low Utilisation

The World Bank and the International Monetary Fund (IMF) have been accused by a human rights lawyer, Femi Falana, of sabotaging the Nigeria and China swap deal. Falana said the global financial institutions are working with the Central Bank of Nigeria (CBN)

August 29, 2023

Business

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

The Central Bank of Nigeria (CBN) Director of Monetary Policy Department, Hassan Mahmud, said the report by JP Morgan on Nigeria’s foreign reserves is an attempt to mislead the public. Mahmud stated that JP Morgan’s intention could also be to rouse market

August 25, 2023

Business

Nigeria’s Foreign Reserves Drop 73.5%, Weakens CBN’s Effort To Defend Naira

Nigeria’s foreign reserves stood at $3.7 billion as of the end of 2022, JP Morgan, a US-based financial firm, has revealed. In a recently released report by JP Morgan, titled; ‘Nigeria: Reform pause rather than fatigue,’ the firm said Nigeria’s foreign reserves

August 22, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business

CBN To Resume Forex Sales To BDC Operators, Reveals Guidelines For Parallel Operations

The Central Bank of Nigeria (CBN) has lifted the restriction placed on the sale of foreign exchange to the Bureau De Change (BDC) operators under Godwin Emefiele. In a statement released on Friday, the CBN said the BDC operators will operate in

August 18, 2023

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Central Bank of Nigeria News

CBN Announces Measures To Tackle Inflation As Reforms Attract $24bn Inflow

Why We Should Protect The Independence Of Central Bank

Moghalu Criticizes ‘Media Trial’ Of Godwin Emefiele, Stresses Caution Amid Fraud Allegations

Redefining The Operations Of CBN

CBN’s Cardoso Hints On New Recapitalisation For Nigerian Banks

Top 10 Nigerian Tech Startups In 2023

World Bank, IMF, CBN Accused Of Sabotaging Nigeria, China Swap Deal Amid Low Utilisation

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

Nigeria’s Foreign Reserves Drop 73.5%, Weakens CBN’s Effort To Defend Naira

CBN To Resume Forex Sales To BDC Operators, Reveals Guidelines For Parallel Operations

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Nigeria’s Stock Market Sustains Bullish Run, UBA, Zenith, FBN Lead Gainers

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FG Disburses ₦330bn Cash to 15 Million Vulnerable Nigerians – Edun

Lagos Halts All Land Reclamation as Flood Risk, Federal Clampdown Heighten Tension

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