JUST-IN: CBN Clears Valid FX Transactions, Eliminates $7bn Legacy Backlog
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, thereby fulfilling ...
Wednesday, January 22, 2025
Tag: CBN
CBN Struggles As Farmers, Agric Firms Default On N380.97bn Loans
Nigeria's agricultural sector is facing a daunting challenge as farmers and agricultural firms grapple with repaying a staggering N380.97 billion ...
CBN Donates 2m Bags Of Fertilizer To Farmers
In a significant move to bolster Nigeria's agricultural sector and address food security concerns, the Central Bank of Nigeria (CBN) ...
FX Remittances Quadruple To $1.3bn In FebruaryÂ
The Central Bank of Nigeria (CBN) has said overseas remittances into the country rose to $1.3 billion in February 2024 ...
Foreign Borrowing Essential To Address Naira Stability , CBN Debts –Report
The Economist Intelligence Unit (EIU) has issued a sobering assessment, indicating that the Central Bank of Nigeria (CBN) lacks the ...
CBN To Resolve Forex Backlog Within Days
The governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has declared that the remaining backlog of foreign ...
CBN’s MPR Increase To 22.75% Spells Economic Woes – Obi
In a significant commentary on Nigeria’s economic policy landscape, Peter Obi, the former governor of Anambra State and presidential candidate ...
Experts Warn Interest Rate Hike Will Strain Economy
Experts have said, the Central Bank of Nigeria(CBN)’s move to hike interest rate by 400bps, putting the MPR figure at ...
CBN Not to Blame For Nigerians’ Challenges– Cardoso
The governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso has said, the apex bank is not responsible ...
CBN Injects Over $300m Into Banks Amid Naira Recovery
The Central Bank of Nigeria (CBN) has taken decisive steps to shore up the value of the Nigerian Naira, injecting ...
