latest CBN News

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

Depositors’ Funds Safe, CBN Assures

The Central Bank of Nigeria (CBN) has reassured that it is fully committed to ensuring the stability and reliability of the Nigerian financial system. The CBN in a statement released Tuesday, 8th

Victor Ezeja

1 month ago

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

Business·Latest News

Again, CBN Sells $20,000 To BDC As Naira Weakens To N1700/$

The Central Bank of Nigeria (CBN) has announced a fresh sale of US$20,000.00 to each eligible Bureau de Change (BDC) operator at N1,590 per dollar. This was announced in a circular released

Victor Ezeja

2 months ago

Business·Latest News

Dangote Petrol Will Reduce FX Demand, Transport, Food Costs – CBN

The Central Bank of Nigeria (CBN) has expressed optimism that the supply of refined petrol from Dangote Petrochemical Refinery will reduce transportation costs, and food prices across the country. The CBN Governor,

Victor Ezeja

2 months ago

Finance & Economy·Latest News

CBN Further Raises Benchmark Interest Rate To 27.25%

The Central Bank of Nigeria (CBN) has further increased Monetary Policy Rate (MPR), also known as the benchmark interest rate by 50 basis points to 27.25 per cent. Prime Business Africa reports

Victor Ezeja

2 months ago

Business·Opinion

Cybersecurity Tax: How Multiple Bank Charges Won’t Help Our Tinubu Economy

Everyone appears to know the reason for bank charges. But in recent times, there seems to be no end to the introduction of bank charges, many of them taxing the same thing

MARCEL MBAMALU

2 months ago

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

Opinion

Governor Cardoso’s Year Of Economic Pangs

Today marks one year since Olayemi Cardoso took office as the Governor of the Central Bank of Nigeria (CBN), a tenure that has raised eyebrows and left many questioning the direction of

EMMANUEL ONWUBIKO

2 months ago

Finance & Economy·Latest News

CBN To Hold 297th MPC Meeting Next Week

The Central Bank of Nigeria (CBN) has announced that its 297th Monetary Policy Committee (MPC) meeting will hold on Monday, 23 and Tuesday, 24 September 2024. The MPC meeting will be held

Victor Ezeja

2 months ago

Naira Strengthens To N1,576 As Dollar Supply Rises

Business·Currency·Latest News

CBN Sells $20,000 To BDCs At N1,580 As Naira Depreciation Persists

In its bid to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has offered to sell $20,000 to each eligible Bureau De Change (BDC) operator at a

Victor Ezeja

2 months ago

Breaking: Senate Confirms Cardoso As CBN Governor, 4 Deputies

Business·Latest News

Binance Trial: Court Orders CBN Governor, Others To Appear On Monday, September 2

A Federal High Court sitting in Abuja has ordered the Central Bank of Nigeria (CBN) Governor, Dr Olayemi Cardoso, and Head of Legal Services Department to appear on Monday, 2nd September 2024,

Victor Ezeja

3 months ago

Business

Inflation: How CBN’s New Deposit, Lending Rates Will Affect Liquidity

The Central Bank of Nigeria (CBN) has announced changes in its lending and deposit facilities, in a bid to manage liquidity in the nation’s financial system. The CBN lifted the suspension of

Victor Ezeja

3 months ago

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Depositors’ Funds Safe, CBN Assures

Again, CBN Sells $20,000 To BDC As Naira Weakens To N1700/$

Dangote Petrol Will Reduce FX Demand, Transport, Food Costs – CBN

CBN Further Raises Benchmark Interest Rate To 27.25%

Cybersecurity Tax: How Multiple Bank Charges Won’t Help Our Tinubu Economy

Governor Cardoso’s Year Of Economic Pangs

CBN To Hold 297th MPC Meeting Next Week

CBN Sells $20,000 To BDCs At N1,580 As Naira Depreciation Persists

Binance Trial: Court Orders CBN Governor, Others To Appear On Monday, September 2

Inflation: How CBN’s New Deposit, Lending Rates Will Affect Liquidity

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