TAG
CBN
In Defence of the Naira as CBN fight back
By Adefolarin A OlamilekanEconomists care much about the health and how nation's manage five mechanisms around their currency stability; that is, devaluation, revaluation, depreciation,...
CBN Dismisses Reports Of Naira Devaluation
The Central Bank of Nigeria (CBN) has reacted to reports claiming that it has devalued the naira to about 630 naira to a dollar.The...
CBN Devalues Naira To 630/$1 48hrs Into Tinubu’s Regime
The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters...
JUST IN: CBN Increases Interest Rate To 18.5%
The Central Bank of Nigeria (CBN) has raised the interest rate from 18 percent to 18.5 percent.The apex bank governor, Godwin Emefiele, announced the...
CBN Revokes Licenses Of 132 Microfinance Banks
The operating licenses of 132 Microfinance Banks, three finance companies and four primary mortgage banks have been revoked by the Central Bank of Nigeria....
CBN Wants School Fees Paid Through E-naira
The Central Bank of Nigeria, CBN has disclosed that over 20 million Nigerians have so far keyed into the e-naira initiative and urged others...
Currency in Circulation Hits N2.34tn in April – CBN
The Central Bank of Nigeria (CBN) yesterday disclosed that currency-in-circulation in the country stood at N2.34 trillion as of April 18, 2023, from N3.23...
No Plan To Phase Out Redesigned Naira Notes — CBN
The Central Bank of Nigeria has called on the public to reject reports suggesting a withdrawal of the recently redesigned Naira notes from circulation.In...
CBN Confirms evacuation of banknotes to DMBs
The Central Bank of Nigeria, CBN has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of...
CBN Called Upon To Make Cash Available As Fasting Commenced
By Jabiru Hassan, Kano.Residents across Kano state has commenced Thursday after the sighting the holy Month of Ramadan and announced by the Sultanate and...