The Central Bank of Nigeria, CBN, has commenced a re-validation exercise to ascertain complaints of manufacturers and importers over foreign exchange claims worth $2.4bn. The CBN Governor, Olayemi Cardoso, disclosed…
The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has defended the bank’s decision to raise the Monetary Policy Rate to 27.25 per cent, describing it as a…
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the monetary policy rate, which measures the benchmark interest rate, to 27.25 per cent. The monetary…
The Central Bank of Nigeria (CBN) has resolved to maintain a five percent limit on Ways and Means Advances to the Federal Government for the 2024-2025 fiscal years. This decision…
A Federal High Court in Abuja has summoned the Governor of the Central Bank of Nigeria and the Head of the Legal Services Department of the apex bank to appear…
About 74.2 per cent of respondents to the inflation expectations survey conducted by the Statistics Department of the CBN believed that the apex bank should have reduced the interest rate…
The Central Bank of Nigeria, CBN, has auctioned $876.26m to end users whose bids were submitted by 26 commercial banks in the apex bank’s latest attempt to strengthen the ailing…
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark lending rate to 26.75 per cent. The hike in the Monetary Policy Rate was disclosed by…
The Central Bank of Nigeria, CBN, resumed the sale of foreign exchange to eligible Bureau De Change operators on Thursday, as the naira fell to 1,570/$ at the parallel market…
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…