Tag: Central Bank of Nigeria
Tinubu Reveals How His Govt Attracted $30b investments In 17 Months
President Bola Ahmed Tinubu has reappraised his administration’s reform programmes, saying they have resulted in the country attracting $30b in investments in almost 17...
CBN: How Nigeria’s Oil Imports Crashed By 35% In Q2
Nigeria’s oil imports dropped by 35 per cent in the second quarter of 2024, amounting to $2.79bn, down from $4.31bn in the previous quarter.
This...
All Tools To Battle Inflation Will Be Deployed By CBN –...
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has affirmed that the Federal Government is prepared to deploy all tools to rein in inflation.
The...
CBN To Nigerians: Old Naira Notes Will Not Expire In December
The Central Bank of Nigeria (CBN) has dismissed reports that the old N200, N500, and N1,000 banknotes will cease to be legal tender by...
Tinubu’s Govt Plans 5% Tax On Telecoms Services, Others
The President Bola Tinubu-led Federal Government has proposed a five per cent excise duty on telecommunications services, gaming, and betting activities as part of...
Cash Deposit Fee Suspension Extended To March 31 By CBN
The Central Bank of Nigeria has extended the suspension of cash deposit processing fees until March 31, 2025, from the previous September 30, 2024,...
Report Reveals How Banks Borrowed N3tn From CBN In One Week
Nigerian banks and discount houses borrowed N3tn from the Central Bank of Nigeria through the Standing Lending Facility within a week, according to a...
Report Reveals How Banks’ Deposits With CBN Hit N3.42tn
The deposits of banks with the Central Bank of Nigeria hit a weekly high of N3.42tn at the end of last week.
This followed the...
Report Says Nigerians Imported N903bn Food In Three Months
The Central Bank of Nigeria released $689.88m (N903.95bn at the official exchange rate of N1,309/$ as of March 31, 2024) to Nigerians for importing...
Report Confirms How Nigeria’s FX Reserves Hit $34.7bn
Nigeria’s foreign exchange reserves have reached a high of $34.7bn, according to data obtained from the Central Bank of Nigeria’s website on Sunday.
This represents...
