CBN raises interest rate to 27.5%
The Monetary Policy Committee of the Central Bank of Nigeria has raised the country’s interest rate by 25 basis points ...
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Tag: CBN
NLC rejects court order restricting Rivers allocation
Joe Ajaero, president of the Nigeria Labour Congress (NLC), has attacked the court judgement that halted the transfer of financial ...
FG capital spending drops by 25% – CBN
Nigeria’s capital expenditure for the first half of 2024 has declined by 25.3 per cent to N1.99tn, down from N2.68tn ...
CBN approves forex sales to BDCs at N1,590/$
The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to eligible Bureau De Change ...
We’ve not reintroduced cybersecurity levy – CBN
The Central Bank of Nigeria (CBN) claims it has not restored the previously suspended cybersecurity levy. On May 6, the ...
Nigeria’s foreign reserves recorded $2.35bn net inflow in seven months – Wale Edun
The coordinating minister for the economy and minister of finance, Wale Edun, reports that during the first seven months of ...
CBN confirms implementation of controversial 0.005% Cybersecurity levy on transactions
The Central Bank of Nigeria (CBN) has confirmed the implementation of a controversial cybercrime levy set at 0.005 percent on ...
Dormant accounts are more susceptible to fraud – Cardoso
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, claims that dormant accounts are more vulnerable to fraud. ...
CBN drops BDC operators in $123m sale
Bureau De Change Operators were excluded in the latest tranche of forex sales by the Central Bank of Nigeria to ...
Banks’ borrowing from CBN skyrockets by 458% to N57.5trn
Banks’ borrowings from the Central Bank of Nigeria, CBN, Standing Lending Facility, SLF, increased Year-on-Year, YoY, by 458.2 percent to ...
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