The Central Bank of Nigeria has devalued the naira to N631 to the dollar from N461.6. The devaluation came 48 hours after President Bola Ahmed
Tag: CBN
INAUGURATION AOB: DANGOTE REFINERY… MAHMOUD/EMEFIELE ABOMINABLE CORRUPTION
LETTER TO JAGABAN By Chris Paul Otaigbe , krisval126@gmail.com. 08185591375. It is official now; you are the president of Nigeria.For over 63% of Nigerians (according
CBN to sanction banks backing unlicensed foreign firms
The Central Bank of Nigeria has said it will sanction banks assisting the operations of unlicensed foreign firms. It stated on Monday in its ‘Guidelines
Borrowing: Businesses shun banks, opt for unconventional debts as interest rate nears 35%
Rising interest rates, devaluation, and inflation have continued to push businesses away from conventional loans, with six firms raising N364.1 billion from the debt capital
NLC protests: CBN to flood banks with old naira notes
The Central Bank of Nigeria has finally concluded plans to release all N1,000, N500 and N200 notes in its custody to Deposit Money Banks. This
CBN picks March 20 for MPC meeting
The Central Bank of Nigeria has announced its Monetary Policy Committee meeting would be held on March 20 and 21, 2023. The two-day meeting, according
Fintech booms as naira crisis stretches banks’ digital platforms
The naira crisis and the failure of banks to rise to the occasion have prompted customers to embrace mobile money platforms. Funmi FABUNMI writes on
New naira: 10 takeaways from Buhari’s nationwide address
The President Muhammadu Buhari , on Thursday morning, addressed the nation in a televised broadcast where he addressed the naira crisis plaguing the country. In
How to report POS agents selling new naira notes – CBN
The Central Bank of Nigeria (CBN) has released emergency telephone numbers to the public to officially report erring Point of Sales (POS) agents selling new
New naira: FG, CBN will act after Supreme Court ruling – Presidency
The Presidency has said that neither the Federal Government nor the Central Bank of Nigeria had taken a stand on the continued use of the
