Manufacturers To CBN, New Interest Rate Is Unfriendly
Manufacturers have described as “unfriendly,” the Central Bank of Nigeria’s (CBN”s) interest rate hike by 100 basis point from 13 ...
Tag: CBN
CBN Debits N7trn From Access Bank, GTB, UBA, Sterling Over Infractions
An audit of the financial statements of Nigeria’s Money Deposit Banks for 2021 has shown that the Central Bank of ...
No Plan To Withdraw Naira Notes From Circulation, CBN Clarifies
The Central Bank of Nigeria (CBN) has debunked reports that it planned to replace the conventional Naira notes in circulation ...
e-Naira: CBN To Take Naira Notes Out Of Circulation, Says People Abuse It At Owambe, Market, Park And Others
The Central Bank of Nigeria has said that paper currency will soon be out of circulation, saying that people abuse ...
Nigeria’s Q1 Trade Deficit Rose By 175%, Hit $764m – CBN
The value of Nigeria’s international trade deficit rose by 175.13 per cent from $152.94m in January 2022 to $420.79m in ...
Emefiele’s Presidential Aspiration Fades Away
The chances of Central Bank of Nigeria (CBN) Governor Godwin Emefiele joining the presidential race have got slimmer. It was learnt ...
Food Import Bill Jumps By 45% to N1.12tn, CBN Reports
Nigeria’s food import bill has jumped by 45 per cent to $2.71bn (N1.12tn) in 12 months, the Central Bank of ...
Access Bank, Stanbic IBTC, UBA Fined N.800bn Over Crypto Deals
The Central Bank of Nigeria (CBN) has imposed N800million monetary sanctions on Stanbic IBTC Bank, Access Bank and United Bank ...
How First Bank, Stanbic IBTC Concealed N400bn FG Govt Funds In Ficticious Accounts
The managing director of First Bank Nigeria, FBN, Kazeem Adeduntan will soon have his day with the house of representatives ...
eNaira: Experts Highlight Benefits, Risks Of e-Currency
Financial experts have said that the eNaira has a lot of benefits as it will facilitate international trade and enhance ...
