CBN begins sale of dollars to BDCs at N1,101 to a dollar accounting for artificial naira appreciation
The Central Bank of Nigeria (CBN) has announced the sales of foreign exchange (FX) to the bureau de change (BDC)
Read more
Yemi Cardoso
Embattled ex CBN governor Emefiele remanded in prison over abuse of office & $4.5 billion, N2.8 billion fraud
Justice Rahman Oshodi of the Ikeja Special Offences Court on Monday remanded the embattled former Central Bank of Nigeria (CBN)
Read more
Forex subsidy to BDC operators is reason for Naira appreciation–Financial Analyst
A financial analyst, Kalu Aja has said the Naira appreciation in the foreign exchange market is due to FX intervention
Read more
CBN increases capital base for mega banks to N500 billion, smaller banks N200 billion
The Central Bank of Nigeria (CBN) has increased the capital base for commercial banks with international authorization to N500 billion
Read more
Nigeria’s public debt jumps from N87.91 trillion to N97.34trn in nine months—- NBS Report
The National Bureau of Statistics, NBS, Nigeria’s public debt stock rose from N87.91 trillion, $114.35 billion,in the third quarter of
Read more
CBN raises interest rate to 24.75% amidst galloping inflation & economic hardship
The Monetary Policy Committee of the Central Bank of Nigeria has today concluded its two-day meeting for March 2024. This
Read more
CBN to sack 19 ‘Emefiele’ directors….Some sacked directors head to court for redress
Nineteen directors at the Central Bank of Nigeria (CBN) are set to be dismissed in the coming days, following the
Read more
Nigeria inflation now rises to 31.70% under 9 months of Tinubu
The Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities, increased by 1.80
Read more
Naira continues its downward fall and now exchanges for N1,620 to a dollar in parallel market
THE naira yesterday depreciated to N1,620 per dollar in the parallel market from N1,615 per dollar on Tuesday. Similarly, the
Read more
Many CBN cash movements under Buhari didn’t have presidential approval—FG
The government of President Bola Ahmed Tinubu has claimed that the signature of previous President Muhammadu Buhari was absent from
Read more