JUST IN: Again, CBN sells $10,000 to BDCs at N1,101/$
The Central Bank of Nigeria has repeatedly announced the sales of dollars to Bureau De Change operators. The apex bank disclosed ...
Wednesday, January 22, 2025
Tag: CBN
BREAKING: CBN Pegs Minimum Capital Bases For Banks At N500bn, N200bn
Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the ...
CBN Reduces Customs Exchange Rate By 2.96%
The Central Bank of Nigeria (CBN), once again, slashed the Customs exchange rate for cargo clearance from N1448.386/$1 to ...
Former CBN Director Warns Against Continuous MPR Increases
Former director of research at the Central Bank of Nigeria (CBN), Dr. Titus Okunrounmu, has raised concerns about the ongoing ...
JUST-IN: Again, CBN Increases Interest Rate To 24.75%
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate by 200 basis points to 24.75 per cent ...
More Borrowings Amidst Widening Budget Deficit
In response to an over N10 trillion budget deficit, the Nigerian government plans to increase its borrowings in 2024. President ...
CBN Intervention Funds: DisCos Receive N53.3 bn For Meters Under NMMP
The eleven power distribution companies (DisCos) secured the total amount of N53.3 billion in credit facility from the Central Bank ...
‘N10trn CBN Loans: MSMEs Receive Only 6.63% In 10 Years’
A recent report from the Central Bank of Nigeria (CBN) has unveiled that Micro, Small, and Medium Enterprises (MSMEs) received ...
Naira Surges To N1,382/$ Following CBN Intervention
Following the clearing of all valid foreign exchange backlogs by the Central Bank of Nigeria (CBN) on Wednesday, and increased ...
CBN Clears $1.5bn FX Backlog As External Reserves Rise By $993m
The Central Bank of Nigeria (CBN) has announced the complete clearance of the valid foreign exchange backlog, fulfilling a promise ...
