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latest CBN News - Page 2

Weak Naira: CBN Sells $543.5m To Boost FX Market

Again, CBN Sells $20,000 To BDC As Naira Weakens To N1700/$

The Central Bank of Nigeria (CBN) has announced a fresh sale of US$20,000.00 to each eligible Bureau de Change (BDC) operator at N1,590 per dollar. This was announced in a circular released Wednesday, 25 September, signed by Dr W. J. Kanya, acting

September 26, 2024

Dangote Refinery Reduces Ex-depot Price Of Diesel To ₦1,020 Per Litre

Business·News

Dangote Petrol Will Reduce FX Demand, Transport, Food Costs – CBN

The Central Bank of Nigeria (CBN) has expressed optimism that the supply of refined petrol from Dangote Petrochemical Refinery will reduce transportation costs, and food prices across the country. The CBN Governor, Dr Olayemi Cardoso, made this known during a briefing at

September 25, 2024

Finance & Economy·News

CBN Further Raises Benchmark Interest Rate To 27.25%

The Central Bank of Nigeria (CBN) has further increased Monetary Policy Rate (MPR), also known as the benchmark interest rate by 50 basis points to 27.25 per cent. Prime Business Africa reports that this is the fifth consecutive time of raising the

September 24, 2024

Business·Opinion

Cybersecurity Tax: How Multiple Bank Charges Won’t Help Our Tinubu Economy

Everyone appears to know the reason for bank charges. But in recent times, there seems to be no end to the introduction of bank charges, many of them taxing the same thing in different ways. ATM withdrawal fees tax essentially the same

September 24, 2024

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

Opinion

Governor Cardoso’s Year Of Economic Pangs

Today marks one year since Olayemi Cardoso took office as the Governor of the Central Bank of Nigeria (CBN), a tenure that has raised eyebrows and left many questioning the direction of Nigeria’s economic policies. While any new governor faces challenges, Cardoso’s

September 21, 2024

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

Finance & Economy·News

CBN To Hold 297th MPC Meeting Next Week

The Central Bank of Nigeria (CBN) has announced that its 297th Monetary Policy Committee (MPC) meeting will hold on Monday, 23 and Tuesday, 24 September 2024. The MPC meeting will be held at the CBN Headquarters Abuja. This was made known in

September 18, 2024

Naira Opens Week With Gain Across FX Markets

Business·Currency·News

CBN Sells $20,000 To BDCs At N1,580 As Naira Depreciation Persists

In its bid to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has offered to sell $20,000 to each eligible Bureau De Change (BDC) operator at a rate of N1,580 per dollar. The apex bank made this

September 7, 2024

Breaking: Senate Confirms Cardoso As CBN Governor, 4 Deputies

Business·News

Binance Trial: Court Orders CBN Governor, Others To Appear On Monday, September 2

A Federal High Court sitting in Abuja has ordered the Central Bank of Nigeria (CBN) Governor, Dr Olayemi Cardoso, and Head of Legal Services Department to appear on Monday, 2nd September 2024, with documents related to money laundering charge against the crypto

September 1, 2024

Business

Inflation: How CBN’s New Deposit, Lending Rates Will Affect Liquidity

The Central Bank of Nigeria (CBN) has announced changes in its lending and deposit facilities, in a bid to manage liquidity in the nation’s financial system. The CBN lifted the suspension of its Standing Lending Facility (SLF) for banks, and unveiled a

August 27, 2024

Business·News

Heritage Bank: NDIC Begins Debt Recovery, Repays 86.36% Customers

The Nigeria Deposit Insurance Corporation (NDIC) said it has repaid 86.36 per cent of customers of the defunct Heritage Bank with the use of Bank Verification Number (BVN). The Corporation said the use of BVN-linked alternate accounts of the customers facilitated prompt

August 12, 2024

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latest CBN News - Page 2

Again, CBN Sells $20,000 To BDC As Naira Weakens To N1700/$

Dangote Petrol Will Reduce FX Demand, Transport, Food Costs – CBN

CBN Further Raises Benchmark Interest Rate To 27.25%

Cybersecurity Tax: How Multiple Bank Charges Won’t Help Our Tinubu Economy

Governor Cardoso’s Year Of Economic Pangs

CBN To Hold 297th MPC Meeting Next Week

CBN Sells $20,000 To BDCs At N1,580 As Naira Depreciation Persists

Binance Trial: Court Orders CBN Governor, Others To Appear On Monday, September 2

Inflation: How CBN’s New Deposit, Lending Rates Will Affect Liquidity

Heritage Bank: NDIC Begins Debt Recovery, Repays 86.36% Customers

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latest CBN News - Page 2

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