Tag: Central Bank of Nigeria
Banks’ Recapitalization: CBN Secures Backing From IMF
The International Monetary Fund (IMF) has given its nod to the ongoing Central Bank of Nigeria (CBN)-led bank recapitalization plan.
The IMF’s approval for the...
Declining Economic Activities In Nigeria Bothers CBN
The Central Bank of Nigeria has expressed concern over the declining economic activities in the country.
The CBN deputy governor of Corporate Services, Bala Bello,...
NBS Report Reveals How Naira Crash Pushed Raw Material Imports To...
Imports of raw materials into the country rose by 25 per cent to N3tn in 2023 and this is according to the Foreign Trade...
More Expectations As Naira Sells Below 1,280/$ At Official, Parallel Markets
The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last...
CBN: How Nigerian Economy Recorded Over $1.5bn Inflow
The Central Bank of Nigeria has said that it recorded an inflow of over $1.5 bn into the economy over the past few days,...
CSO To Tinubu: Save 2024 Hajj Preparations From Imminent Collapse
With Sunday’s announcement by the National Hajj Commission of Nigeria (NAHCON) of an upward review of Hajj 2024 fare, it has become imperative for...
BDCs Directed By CBN To Start Selling Dollars At N1,269
The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at N1,251/$.
This was contained in...
Recover N1.079trn Anchor Borrowers Loans, Senate urges CBN
The Senate has directed the Central Bank of Nigeria (CBN) to recover the sum of N1.079 trillion given as loans to farmers under the...
Presidency Cautions Speculators As Naira Appreciates To N1,382/Dollar
The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market.
This came as...
All Set For CBN To Hold 294th MPC Meeting Next Monday
The Central Bank of Nigeria has announced the 294th meeting of the Monetary Policy Committee, a crucial gathering that shapes the nation’s economic policies.
The...
