CBN – Page 5 of 14 – Prime Business Africa

CBN’s Independence Under Threat As Senate Proposes Amendments

The Nigerian Senate’s proposed amendments to the Central Bank of Nigeria (CBN) Act of 2007 have sparked a heated debate. The amendments, which aim to introduce stricter controls over the CBN’s operations,

Emmanuel Ochayi

9 months ago

Don't Japa- Cardoso Urges Nigerian Youths To Stay, Build The Nation Despite Economic Reforms

Business·Latest News

Nigeria Records 136% of 2023 FX Inflow In First 3 Months Of 2024 – Cardoso Reveals

The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has revealed a significant increase in foreign exchange (FX) inflows in the first quarter of 2024, marking a 136% rise

Emmanuel Ochayi

9 months ago

Naira Strengthens To N1,535/$1 As Market Confidence Improves

Business·Latest News·Markets

Nigeria’s FX Reserves Rise By $535m In 28 Days Amidst Market Volatility

Nigeria’s foreign exchange (FX) reserves have shown a notable increase of approximately $535 million in just under a month, highlighting a positive trend amidst ongoing economic uncertainties. According to recent data from

Emmanuel Ochayi

9 months ago

Business·Latest News

Food Imports Hit N3trn Over Insecurity, Others – CBN

The Central Bank of Nigeria (CBN) has disbursed a substantial $2.13 billion in 2023 for food imports, highlighting persistent challenges in the country’s agricultural sector despite efforts to boost local production. According

Emmanuel Ochayi

9 months ago

Business·Latest News·Tech News

CBN Directs Bank To Stop Implementation Of 0.5% Cybersecurity Levy On Transactions

The Central Bank of Nigeria (CBN) has rescinded its recent directive regarding the collection and remittance of the cybersecurity levy, mandated under the Cybercrime Prevention and Prohibition Amendment Act of 2024. The

Emmanuel Ochayi

9 months ago

Naira Appreciates To N1,610/$1 In Parallel Market

Naira Depreciates To N1,533/$1 At Official Rate Amidst Market Turbulence

The Nigerian naira faced depreciation against the US dollar on Thursday, reaching N1,533.99 per dollar in the official NAFEM Window. This marks a notable 4.89% decline from the previous day’s rate of

Emmanuel Ochayi

9 months ago

Economy: Don’t Suffocate Businesses, CPPE Warns Regulatory Agencies

Business·Latest News

Be Cautious On Monetary Policy Tightening As Businesses Yet To Recover From Previous Hikes, CPPE Tells CBN

Ahead of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting later this month, the Centre for the Promotion of Public Enterprise (CPPE) has issued a plea for a cautious

Emmanuel Ochayi

9 months ago

Business·Latest News·Markets

Naira Bounces Back After 1 Week Depreciation, Hits 1,459.02/$1

The Naira showed resilience as it bounced back against the dollar at the end of Wednesday, recovering from a week-long depreciation in both official and unofficial foreign exchange markets. “I’m glad to

Emmanuel Ochayi

9 months ago

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Finance & Economy·Opinion

CBN Governor And Waste Of Economic Terms

Recently during a Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) in March 2024, the CBN governor, Olayemi Cardoso, said that government’s large-scale purchase of foodstuff as palliatives

MARCEL MBAMALU

9 months ago

Business·Latest News

CBN Raises Exchange Rate For Import Duties To 1457$1

In response to the ongoing fluctuations in the currency market, the Central Bank of Nigeria (CBN) has adjusted the exchange rate used for calculating import duties at the nation’s seaports. The new

Emmanuel Ochayi

9 months ago

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CBN - Page 5

CBN’s Independence Under Threat As Senate Proposes Amendments

Nigeria Records 136% of 2023 FX Inflow In First 3 Months Of 2024 – Cardoso Reveals

Nigeria’s FX Reserves Rise By $535m In 28 Days Amidst Market Volatility

Food Imports Hit N3trn Over Insecurity, Others – CBN

CBN Directs Bank To Stop Implementation Of 0.5% Cybersecurity Levy On Transactions

Naira Depreciates To N1,533/$1 At Official Rate Amidst Market Turbulence

Be Cautious On Monetary Policy Tightening As Businesses Yet To Recover From Previous Hikes, CPPE Tells CBN

Naira Bounces Back After 1 Week Depreciation, Hits 1,459.02/$1

CBN Governor And Waste Of Economic Terms

CBN Raises Exchange Rate For Import Duties To 1457$1

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