CBN

Cash Scarcity: What’s CBN Hiding From Nigerians?

With the passage of time and events, we may not have to argue this anymore: Nigeria’s cash crises of late 2022 and early 2023 had serious effects on the living and the

MARCEL MBAMALU

3 days ago

Finance & Economy·Latest News

Financial Inclusion Key To Realising Nigeria’s $1trn Economy Target – Cardoso

Central Bank of of Nigeria (CBN) Governor, Dr Olayemi Cardoso, has stated that deepening financial inclusion is key to realising Nigeria’s $1 trillion economy target by 2030. Dr Cardoso stated this in

Victor Ezeja

1 week ago

Business·Currency·Latest News

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

The Central Bank of Nigeria (CBN) has announced that it sold a total sum of $543.5 million to authorised dealer banks between 6 – 30 September 2024. According to a statement by

Victor Ezeja

2 months ago

Dollar’s Global FX Reserve Share Declines By 1.46% Amid Rising Diversification Efforts

Business·Latest News

Nigeria’s External Reserves Hit $37.31 Billion As Naira Weakens

Nigeria’s external reserves have risen to $37.31 billion, marking a 22-month high, yet the naira continues to weaken, showing no signs of recovery. External Reserves Reach 22-Month High Nigeria’s external reserves, the

Emmanuel Ochayi

2 months ago

Inflation Control: CBN Governor Defends Interest Rate Hike As Crucial For Economic Stability

Business·Latest News

CBN Reduces Cybersecurity Levy On Electronic Transactions To 0.005%

Cybersecurity Levy Slashed by CBN The Central Bank of Nigeria (CBN) has made a significant reduction in the cybersecurity levy on electronic transactions, lowering the rate from 0.5% to 0.005%. This decision

Emmanuel Ochayi

2 months ago

Business·Latest News

CBN Limits Ways And Means Advances To 5% Despite National Assembly’s Proposal For Increase

CBN Maintains 5% Limit on Ways and Means Advances The Central Bank of Nigeria (CBN) has said it will cap its Ways and Means Advances to the Federal Government at 5% for

Emmanuel Ochayi

2 months ago

Nigeria Spends $3bn Monthly On Imports – CBN

Business·Latest News

Nigeria’s Foreign Reserves Rise By $621.2 Million In 10 Days After Domestic Dollar Bond Sale

Nigeria’s Foreign Reserves See Significant Growth Nigeria’s foreign exchange reserves have risen by $621.2 million within 10 days, thanks to the successful sale of a domestic dollar bond. This growth has come

Emmanuel Ochayi

2 months ago

Business·Latest News

CBN Orders PoS Transaction Tracking, Sets 30-Day Deadline For Payment Providers

CBN Mandates PoS Transaction Tracking Across Nigeria The Central Bank of Nigeria (CBN) has issued a new directive requiring all Payment Service Providers (PSPs) to track and manage every Point of Sale

Emmanuel Ochayi

2 months ago

Business·Latest News

Experts Warn Of Economic Risks As External Debt Servicing Rises To $2.78bn

Nigeria’s external debt servicing surged by 53.63% to $2.78bn in 2024. Experts warn of economic risks as debt servicing strains government resources. Nigeria’s Soaring External Debt: A Growing Concern Nigeria’s external debt

Emmanuel Ochayi

3 months ago

Business·Latest News

Supplementary Budget, Minimum Wage May Hinder Economic Reforms, Warns Agusto & Co.

Agusto & Co. Warns of Economic Reform Risks Rating firm Agusto & Co. has raised concerns that the N6.6 trillion supplementary budget and the proposed N70,000 minimum wage might disrupt the economic

Emmanuel Ochayi

3 months ago

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Cash Scarcity: What’s CBN Hiding From Nigerians?

Financial Inclusion Key To Realising Nigeria’s $1trn Economy Target – Cardoso

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

Nigeria’s External Reserves Hit $37.31 Billion As Naira Weakens

CBN Reduces Cybersecurity Levy On Electronic Transactions To 0.005%

CBN Limits Ways And Means Advances To 5% Despite National Assembly’s Proposal For Increase

Nigeria’s Foreign Reserves Rise By $621.2 Million In 10 Days After Domestic Dollar Bond Sale

CBN Orders PoS Transaction Tracking, Sets 30-Day Deadline For Payment Providers

Experts Warn Of Economic Risks As External Debt Servicing Rises To $2.78bn

Supplementary Budget, Minimum Wage May Hinder Economic Reforms, Warns Agusto & Co.

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