CBN – Page 12 of 14 – Prime Business Africa

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

CBN Pays Out Additional $400m To Settle Forex Backlog

The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, on Tuesday, disclosed that the CBN has paid out an additional $400 million to settle forex backlog owed.

Victor Ezeja

9 months ago

Business·Finance & Economy·Latest News

Peg Import Duty Dollar Rate At N1000/$ – CPPE Urges CBN

The Centre for the Promotion of Private Enterprise (CPPE), has urged the Central Bank of Nigeria (CBN) to peg exchange rate for Customs duty assessment at ₦1,000/$ to alleviate the financial difficulties

Victor Ezeja

9 months ago

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·Latest News

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

CBN has released a document containing revised regulatory and supervisory guidelines for Bureau De Change (BDC) Operations in Nigeria.

Victor Ezeja

9 months ago

Business·Currency·Latest News

Adopt Official FX Rate For Import Duty Assessment, CBN Tells Nigeria Customs

Following concerns raised by importers about irregular changes in import duty assessment levies applied by Nigeria Customs Service (NCS), in recent times, the Central Bank of Nigeria (CBN) has directed NCS and

Victor Ezeja

9 months ago

Business·Latest News

Forex Crisis: Go After Powerful Forces In Parallel Market Strangulating Naira, Don Tells Nigerian Govt

Professor of Economics, Sam Olofin, has charged the Nigerian government to fish out and prosecute those he called “powerful operators” in foreign exchange market to rescue the naira from collapse.

Victor Ezeja

9 months ago

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Finance & Economy·Latest News

Why CBN Adopted Market-based Approach In Managing Forex – Cardoso

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has advanced reasons the monetary authority decided to adopt the policy of allowing market forces determine rates in the foreign exchange market in the

Victor Ezeja

9 months ago

Naira Depreciation Spurs Surge in Raw Material Imports To N3trn- NBS Reveals

Business·Latest News·Markets

Naira Trades For N1,900/$1 Despite Rising Demand: CBN, EFCC Collaborate To Tackle Currency Speculators

The Nigerian Naira experienced a slight appreciation against the United States dollar in trading sessions, despite concerns over widening gaps between official and parallel market rates. As per data from the FMDQ

Emmanuel Ochayi

9 months ago

Business·Latest News

NSA, EFCC To Collaborate With CBN To Curb Forex Crisis Amidst Economic Hardship

In a move aimed at tackling the rampant forex speculation plaguing Nigeria’s economy, the National Security Adviser’s Office (NSAO), under the leadership of Nuhu Ribadu, has joined hands with the Central Bank

Emmanuel Ochayi

9 months ago

Business·Latest News

Aso Villa, DHQ, CBN, 83 Other MDAs To Face Disconnection Over N47bn Debt

Over 86 government ministries, agencies, and departments (MDAs) are facing disconnection by the Abuja Electricity Distribution Company (AEDC) due to a debt totaling N47 billion. The AEDC issued a public notice highlighting

Emmanuel Ochayi

9 months ago

Just In: CBN Resumes Fx Sale To BDCs At N1,021/$1

Business·Latest News·Markets

CBN Forex Policies Faltering As Naira Edges Closer To N1,700/$1: Is Stability Possible Amidst Structural Challenges?

The ongoing struggle to stabilize the naira against the dollar has intensified, with the exchange rate inching closer to a daunting N1,700/$1 mark. Despite concerted efforts by the Central Bank of Nigeria

Emmanuel Ochayi

9 months ago

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CBN - Page 12

CBN Pays Out Additional $400m To Settle Forex Backlog

Peg Import Duty Dollar Rate At N1000/$ – CPPE Urges CBN

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

Adopt Official FX Rate For Import Duty Assessment, CBN Tells Nigeria Customs

Forex Crisis: Go After Powerful Forces In Parallel Market Strangulating Naira, Don Tells Nigerian Govt

Why CBN Adopted Market-based Approach In Managing Forex – Cardoso

Naira Trades For N1,900/$1 Despite Rising Demand: CBN, EFCC Collaborate To Tackle Currency Speculators

NSA, EFCC To Collaborate With CBN To Curb Forex Crisis Amidst Economic Hardship

Aso Villa, DHQ, CBN, 83 Other MDAs To Face Disconnection Over N47bn Debt

CBN Forex Policies Faltering As Naira Edges Closer To N1,700/$1: Is Stability Possible Amidst Structural Challenges?

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