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Read more about the article Naira: Over 4,000 BDCs Lose Licences In CBN Crackdown
Don't Miss / Economy & Business / Editor's Pick / Highlighted / News / Newsbeat

Naira: Over 4,000 BDCs Lose Licences In CBN Crackdown

The battle to shore up the value of the Naira and clean up the financial system continued on Friday with the Central Bank of Nigeria (CBN) revoking the operating licences…

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March 2, 2024
Read more about the article JUST IN: South-East Nominee Rejects Tinubu’s Appointment
Don't Miss / Economy & Business / Editor's Pick / Newsbeat / Politics

JUST IN: South-East Nominee Rejects Tinubu’s Appointment

A nominee for membership of the Central Bank of Nigeria Board of Directors, Urum Kalu Eke has declined the offer stating that he was currently engaged in the World Bank.…

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February 29, 2024
Read more about the article Senate Targets Six-Year Single Tenure For CBN Govs, Limits Ways, Means Borrowing
Don't Miss / Economy & Business / Editor's Pick / News / Newsbeat / Politics

Senate Targets Six-Year Single Tenure For CBN Govs, Limits Ways, Means Borrowing

The Senate on Tuesday proposed a six-year single term for the Governor and Deputy Governors of the Central Bank of Nigeria (CBN). The Red Chamber also sought to limit amount…

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February 28, 2024
Read more about the article Reps Threaten CBN Gov’s Arrest Over REMITA Leakages
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Reps Threaten CBN Gov’s Arrest Over REMITA Leakages

The House of Representatives Public Accounts Committee, on Tuesday, summoned the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to unfailingly appear before it on March 5, 2024 over…

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February 28, 2024
Read more about the article Interest Rate Hike: Private Sector, Economists Foresee Fresh Job Losses, Recession
Don't Miss / Economy & Business / Editor's Pick / Featured / News / Newsbeat / Politics

Interest Rate Hike: Private Sector, Economists Foresee Fresh Job Losses, Recession

The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 400 basis points to a record 22.75 per cent. The MPR…

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February 28, 2024
Read more about the article Interest Rate High Again: CBN Raises Interest Rate To 22.75%
Don't Miss / Economy & Business / Editor's Pick / Newsbeat / Politics

Interest Rate High Again: CBN Raises Interest Rate To 22.75%

The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate by 400 basis points to a record 22.75%. The CBN Governor, Olayemi Cardoso, disclosed…

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February 27, 2024
Read more about the article Hardship: I’m Not Responsible For Nigeria’s Economic Woes – CBN Gov, Cardoso
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Hardship: I’m Not Responsible For Nigeria’s Economic Woes – CBN Gov, Cardoso

The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has distanced himself from the economic woes Nigerians are currently experiencing. Cardoso said he and his team are not…

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February 27, 2024
Read more about the article JUST IN: CBN Resumes Sale Of Dollars To BDC Operators
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JUST IN: CBN Resumes Sale Of Dollars To BDC Operators

The Central Bank of Nigeria (CBN) has commenced the sale of dollars to Bureau De Change (BDC). This was announced in a statement signed by Dr Hassan Mahmud, CBN’s Director…

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February 27, 2024
Read more about the article Senate To Probe Buhari Govt, Emefiele Over N30tn CBN Loans
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Senate To Probe Buhari Govt, Emefiele Over N30tn CBN Loans

The Senate on Tuesday resolved to probe how the N30tn Ways and Means loans of the Central Bank of Nigeria was obtained and spent by the administration of former President…

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February 21, 2024
Read more about the article Atiku’s Solution Will Return Nigeria To Emefiele Era Says Presidency
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Atiku’s Solution Will Return Nigeria To Emefiele Era Says Presidency

The Presidency says a controlled floatation of the naira to prevent further devaluation would only return Nigeria to the economic regime of the embattled former Governor of the Central Bank…

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February 19, 2024
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