MPC Raises Interest Rate from 18.75% to 22.75%
Monetary Policy Committee (MPC) of the Central Bank of Nigeria has increased the interest rate to 22.75%. Yemi Cardoso, the ...
Tag: CBN
Naira Gains as CBN Sells over $300million to Banks
The naira appreciated against the dollar to 1,582/$ at the close of trading activities at the official market on Monday. ...
Complex Factors, Not Us, Influence Forex Rates – Binance
Crypto trading platform, Binance, has said that foreign exchange (forex) rates are influenced by various factors. Binance on Thursday adjusted ...
CBN’s Directive to IMTOs May Divert FX Liquidity to Parallel Market, Cryptocurrency – Experts
Afolabi Oriyomi, an expert in the financial services industry and the research head, research head, Young Professionals and Emerging Leaders ...
CBN Battles to Revive Naira as Forex Approaches N1,700/$1
The exchange rate between the naira and the dollar has depreciated to an all-time low, reaching N1,537.96/$1 at the official ...
After CBN, FAAN, Another Agency to Relocate Key Departments to Lagos
The Nigerian Upstream Petroleum Regulatory Commission has considered relocating some of its units to Lagos, according to a document made ...
Banking Credit Should be Adjudged on Portfolio Allocations Not Percentage Increase – Expert
Dr. Wunmi Bewaji, a financial expert has revealed that the implication of the banking credit to the Nigeria Economy should ...
Again, CBN Raises Import Duty Forex Rate, Now N1,444.56/$
The Central Bank of Nigeria (CBN) has raised the exchange rate for computing Customs duties at the nation’s seaports again, ...
Forex: CBN Directives on Naira Remittance Will Prevent Hoarding, says Bewaji
Dr. Wunmi Bewaji, a securities and financial regulation law expert, said that the directives of the Central Bank of Nigeria ...
Inflation: Cardoso Hints CBN Lacks Capacity to Continue N10 trillion Intervention Programmes
Mr. Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has revealed that the apex bank cannot currently ...
Kyari, Cardoso Meet over Plans to Domicile NNPC’s Revenues with CBN
Mallam Mele Kyari, the group chief executive officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), and Mr. Olayemi ...
FX: Nigerians Spent $98bn on Foreign Trips, Education in 10 Years – CBN
Nigerians’ spending on foreign education, healthcare, and personal travels gulped over $98bn in 10 years, according to the Central Bank ...
CBN Should Treat Violation of Policies on FX as Economic Sabotage – Expert
Reporter: Tobi Adetunji The Central Bank of Nigeria (CBN), has been advised to treat violation of the instructions given to ...
Naira Strengthens as Banks Sell Excess Dollars
Nigerian currency – the naira- exchanged between N1,300 and N1,350/$ on Thursday as against over N1400/$ it exchanges the previous ...
Naira: Sell Excess Dollars in 24 Hours, CBN Orders Banks
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks to sell their excess dollar stock latest February 1, ...