CBN latest news - Page 9

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Naira To Sustain Depreciation In 2024 - Analysis Reveals

Business·Currency

40% Depreciation Pushes Nigeria’s Naira Among Worst Currencies In Africa

A World Bank report released this October has ranked the Naira among the worst-performing currencies in Africa, as the Nigerian currency lost 40 per cent of its value following the devaluation

Victor Ezeja

1 year ago

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Finance & Economy

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

Nigeria’s currency, the Naira, experienced a significant depreciation during the third quarter of 2023, with the unofficial market rate plummeting to N1000/$1. This alarming drop, coupled with a decline in external reserves,

Emmanuel Ochayi

1 year ago

Business·Latest News

Senate Warns Tinubu Against Unapproved Use Of CBN Funds For CNG Buses

The Nigerian Senate, in Tuesday’s plenary, stood firmly against any potential move by President Bola Tinubu to utilize the Central Bank of Nigeria’s Ways and Means to finance the purchase of Compressed

Emmanuel Ochayi

1 year ago

How EFEMS Transparency Fuels Naira Demand In Parallel Market

Business·Finance & Economy·Latest News

Experts Urge Focus On Local Industries As Naira Fall Persists

In recent times, Nigeria has been grappling with the continuous devaluation of its currency, the Naira, against major foreign currencies. This persistent depreciation has raised concerns among economic experts and policymakers about

Emmanuel Ochayi

1 year ago

DSS Rearrests Emefiele After Tussle With Prison Officials

Business·Latest News

FG Refutes Reports Of Plea Deal With Former CBN Governor

In a surprising twist to the ongoing saga surrounding the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, Nigeria’s Federal Ministry of Justice has categorically denied the existence of

Emmanuel Ochayi

1 year ago

Business·Finance & Economy·Latest News

Muda Yusuf Advises CBN, Other Authorities To Create Policies That Encourage Domestic Investments In Nigeria

Chief Executive Officer of the Centre For Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has called on the Central Bank of Nigeria (CBN) and other fiscal authorities in the country to

Victor Ezeja

1 year ago

Business·Currency·Latest News

FG Urges CBN To Trim BDCs From 5,000 To 200

Tope Fasua, Special Adviser to President Tinubu on Economic Affairs, has sparked intense debate with a proposal for the reduction of Nigeria’s 5,000+ Bureau de Change operators to just 200 in a

Emmanuel Ochayi

1 year ago

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Business·Finance & Economy·Latest News

CBN: Cardoso Vows To Defend Autonomy Against Political Influence

In a resolute and emphatic declaration, Dr. Olayemi Cardoso, the recently appointed Governor of the Central Bank of Nigeria (CBN), has assured the nation that under his leadership, the apex bank will

Emmanuel Ochayi

1 year ago

Business·Latest News

Senate Confirms Cardoso As CBN Governor, 4 Deputies

Nigeria’s Senate has confirmed the appointment of Dr Olayemi Cardoso as the new Governor of the Central Bank of Nigeria and four others as deputy governors. The four others confirmed for the position

Victor Ezeja

1 year ago

Business·Finance & Economy

Politicians’ Dollarization Of Corruption Puts High Pressure On FX – Expert

As Nigeria continues to experience foreign exchange (forex) crisis, leading to a steep depreciation of the naira, an economic expert has attributed the cause to activities in the political circle which puts

Victor Ezeja

1 year ago

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CBN latest news - Page 9

40% Depreciation Pushes Nigeria’s Naira Among Worst Currencies In Africa

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

Senate Warns Tinubu Against Unapproved Use Of CBN Funds For CNG Buses

Experts Urge Focus On Local Industries As Naira Fall Persists

FG Refutes Reports Of Plea Deal With Former CBN Governor

Muda Yusuf Advises CBN, Other Authorities To Create Policies That Encourage Domestic Investments In Nigeria

FG Urges CBN To Trim BDCs From 5,000 To 200

CBN: Cardoso Vows To Defend Autonomy Against Political Influence

Senate Confirms Cardoso As CBN Governor, 4 Deputies

Politicians’ Dollarization Of Corruption Puts High Pressure On FX – Expert

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