CBN Lowers Cargo Clearance Exchange Rate to N1593.41 Amid Naira Appreciation
The Central Bank of Nigeria has recently made a significant adjustment to its exchange rate for cargo clearance, lowering it […]
African Business News
CBN
Why CBN’s recent MPC rate decision excites stakeholders’
March 16, 2024 The International Monetary Fund (IMF) and the Fitch Ratings have applauded the Monetary Policy Committee (MPC) of
Nigeria BVN Registration Surges Ahead of Central Bank Deadline
As the April 2024 deadline set by the Central Bank of Nigeria approaches, the registration for Bank Verification Number (BVN)
CBN Raises Customs Exchange Rate to N1.624.732/USD Amid Naira Crisis
The Central Bank of Nigeria has once again adjusted the exchange rate for calculating Customs duties at the country’s seaports,
CBN Treasury Bills Auction: Rates Expected to Hold Steady
The Central Bank of Nigeria recently kicked off a Treasury Bills Primary Market Auction, signaling the start of a new
Naira Struggles: CBN’s Liquidity Woes and Foreign Borrowing Challenges
The Central Bank of Nigeria is facing a liquidity crisis, according to a recent report by the Economist Intelligence Unit.
African Business News
Naira Rescue: Economist Intelligence Unit Urges Foreign Borrowing for Stability
The Economist Intelligence Unit, a renowned global research firm, has suggested that President Bola Ahmed Tinubu’s administration should consider foreign
CBN Reports 433% Surge in Diaspora Remittances to $1.3 Billion
The Central Bank of Nigeria has reported a remarkable increase in Diaspora remittances, with a staggering 433% surge to $1.3
CBN Threatens Sanctions on Mortgage Banks for Late Regulatory Returns
The Central Bank of Nigeria has issued a stern warning to primary mortgage banks, Microfinance Banks, and Development Finance Institutions
Central Bank of Nigeria Governor Olayemi Cardoso’s Economic Reforms
Since taking office in October 2023, Central Bank of Nigeria Governor, Olayemi Cardoso, has been implementing various reforms to stabilize