The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark lending rate to 26.75 per cent. The hike in the Monetary Policy Rate was disclosed by…
The Central Bank of Nigeria, CBN, resumed the sale of foreign exchange to eligible Bureau De Change operators on Thursday, as the naira fell to 1,570/$ at the parallel market…
A Federal High Court sitting in Lagos, has dismissed laywer Malcolm Emokiniovo Omirhobo’s case challenging the Arabic inscription on the Nigerian Naira notes. The Presiding Judge, Yellim Bogoro, dismissed the…
The Central Bank of Nigeria has announced its Monetary Policy Meeting to discuss measures to combat the country’s escalating inflation and economic hardship. The meeting, scheduled for next Monday and…
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has stated that it will soon be able to slow down increases in the benchmark interest rate. Cardoso said…
Demand deposits have jumped by 206.83 per cent from N9.67tn in May 2019 to N29.67tn this year’s May, according to data from the Central Bank of Nigeria’s website. The data…
The Central Bank of Nigeria has warned against the continued rejection of old series and lower denominations of the United States of American dollars by its regulated entities in Nigeria.…
The Central Bank of Nigeria (CBN) has raised the alarm over the increasing transaction volumes of Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFIs) which he said posed major…
The Central Bank of Nigeria has issued updated guidelines to Deposit Money Banks concerning the deposit of foreign currency notes. This directive was detailed in a circular issued by the…
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says inflationary pressure has started dropping as a result of the central bank’s policy measures, which aim to reduce the…