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CBN Vows To Stabilize Naira, Improve Forex Market

The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, says the apex bank will, in the next few days, be taking...

Eno Tasks CBN On Anti Inflation policies

By Ogenyi Ogenyi, UyoGovernor Umo Eno of Akwa Ibom has enlisted the support of Central Bank Of Nigeria, CBN , towards formulating monetary policies...

Currency In Circulation Rises By 87.05% Hits N2.26tn, says CBN

Currency outside banks rose to N2.26tn at the end of June 2023, according to the latest figures from the Central Bank of Nigeria.According to...

CBN, It’s Time We Retooled Interest Rate To Better Citizens Wellbeing

Adefolarin A. OlamilekanThe aftermath of fuel subsidy removal is still a subject of discourse in Nigeria's economic projections, especially as citizens continue to lament...

CBN’s Forex Policy Results in MTN Recording N131.4bn Loss

Telecommunications giant, MTN has suffered a foreign exchange loss of N131.4 billion, dragging its profits down, its 2023 second-quarter report has revealed.The report showed...

CBN Increases Interest Rate To 18.75%

The Central Bank of Nigeria’s Monetary Policy Committee has moderately hiked monetary policy rates to 18.75 per cent.The acting Governor of the Central Bank...

BDCs to CBN, without US exchange rate policy will not work

BDC operators are advocating for increased participation and involvement in the foreign exchange market to ensure the success of the new exchange rate policy...

External Reserves Fall By $2.85bn In First Six Months – CBN

Nigeria’s external reserves fell by $2.85bn in the first half of 2023 due to external debt finance among other challenges, figures obtained from the...

CBN Lifts Restrictions On Domiciliary Account Transactions

The Central Bank of Nigeria has lifted the limits placed on domiciliary accounts.In a statement by the CBN on Sunday, the new regulation allowed...

CBN Orders Commercial Banks To Trade Forex At Any Rate

There are indications that the Central Bank of Nigeria, CBN has directed banks to trade foreign exchange at any exchange rate in the Investors...

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