CBN – Page 7 of 14 – Prime Business Africa

Why Inflation Is Rising Rapidly In Nigeria

How Govt Palliatives Push Food Inflation – CBN

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the government’s large-scale purchase of foodstuffs as palliatives is contributing to the country’s rising food inflation. This statement was

Emmanuel Ochayi

7 months ago

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Currency·Finance & Economy

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

CBN has increased the foreign exchange (FX) rate for calculating Customs duties by 19.43 per cent in one week following the recent depreciation of the naira in the forex market.

Victor Ezeja

7 months ago

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Currency·Finance & Economy

Forex Crisis: Let’s Deal With Real Issues Of Boosting Production To Stabilise Naira – Moghalu

Prof. Kingsley Moghalu, has urged the Nigerian government to focus on dealing with real issues affecting production in the country to achieve stability of the naira.

Victor Ezeja

7 months ago

Business·Latest News

Nigerians Panic As CBN Ban Opay, Moniepoint, Others Over KYC Concerns

The Central Bank of Nigeria (CBN) has directed mobile money operators and fintech firms to suspend onboarding new customers due to concerns over their Know-Your-Customer (KYC) processes. The move, which affects companies

Emmanuel Ochayi

7 months ago

CBN’s FX Market Intervention Falls Short As Naira Struggles To Gain Ground

Business·Latest News·Markets

Naira Depreciates To N1,300/$1, Weakens By 17.49% In 5 Days

The Nigerian Naira has taken a hit, falling to a month-to-date low of N1,300/$1 on Tuesday, April 23, 2024. This represents a 5.05% devaluation from the N1,234.49/$1 reported on the first day

Emmanuel Ochayi

7 months ago

Business·Latest News

EFCC Files New Charges: How Emefiele Printed N684.5m With N18.9bn

The Economic and Financial Crimes Commission (EFCC) has filed a new charge against the former Governor of the Central Bank of Nigeria, Godwin Emefiele, at the High Court of the Federal Capital

Emmanuel Ochayi

7 months ago

Business·Latest News·Markets

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

The Central Bank of Nigeria (CBN) has reestablished the sale of foreign exchange (forex) to Bureau De Change (BDC) operators. The apex bank is presently offering forex to them at an exchange

Emmanuel Ochayi

7 months ago

Finance & Economy·Latest News

Nigeria’s Current Economic Stress May Linger For 3 Years – Moghalu

As Nigerians grapple with the current economic hardship caused by high inflation and foreign exchange (Forex) instability, a former deputy governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has

Victor Ezeja

7 months ago

Naira Falls To N1687 Per Dollar At Official Market

Business·Latest News·Markets

Naira Slumps To N1,234/$1 At Official Market

The Nigerian Naira witnessed a decline against the United States dollar, hitting N1,234 at the official foreign exchange market on Monday. This marks a notable fall of N65 or 5.26 percent from

Emmanuel Ochayi

7 months ago

Business·Latest News·Markets

Fluctuation In FX Rate Will Persist But We’re Working Towards Stability, Says Cardoso

Yemi Cardoso, the Governor of the Central Bank of Nigeria, addressed concerns about the fluctuating foreign exchange (FX) rates in Nigeria. He said this during a briefing at the World Bank/IMF Spring

Emmanuel Ochayi

7 months ago

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CBN - Page 7

How Govt Palliatives Push Food Inflation – CBN

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

Forex Crisis: Let’s Deal With Real Issues Of Boosting Production To Stabilise Naira – Moghalu

Nigerians Panic As CBN Ban Opay, Moniepoint, Others Over KYC Concerns

Naira Depreciates To N1,300/$1, Weakens By 17.49% In 5 Days

EFCC Files New Charges: How Emefiele Printed N684.5m With N18.9bn

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

Nigeria’s Current Economic Stress May Linger For 3 Years – Moghalu

Naira Slumps To N1,234/$1 At Official Market

Fluctuation In FX Rate Will Persist But We’re Working Towards Stability, Says Cardoso

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Why Inflation Is Rising Rapidly In Nigeria

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