Reps Panel Accuses CBN, Banks Of Sharing N15bn Remittance
The House of Representatives’ Committee on Public Accounts has accused the Central Bank of Nigeria (CBN) and commercial banks of ...
Monday, July 8, 2024
Tag: Central Bank of Nigeria (CBN)
Experts Express Concerns Over CBN’s Interest Rate Hike
Financial experts have raised concerns over the recent hawkish monetary policy stance by the Central Bank of Nigeria (CBN), which ...
Naira Surges By 7.62% Against Pound On Black Market
In a surprising turn of events, the Nigerian naira witnessed a remarkable appreciation, reaching a peak of N2100 per Great ...
FG Urges Interpol: Place Three Nigerians on Forgery Watchlist
The federal government has formally requested Interpol to place three Nigerian individuals on its watchlist following allegations of forgery. Former ...
IMF Forecasts Nigeria’s Foreign Reserves To Plummet To $24bn By 2024
The International Monetary Fund (IMF) has delivered a concerning forecast regarding Nigeria's foreign reserves, predicting a significant decline to $24 ...
CBN Removes ±2.5% Cap Spread on Interbank FX Transactions
In a significant move aimed at reforming Nigeria's foreign exchange market, the Central Bank of Nigeria (CBN) has announced the ...
Reps To Investigate Banks Holding $5bn Excess Forex
The House of Representatives has raised concerns over Nigeria's foreign exchange market volatility, revealing that four banks are currently holding ...
Forex Crisis: Importers Dump Nigerian Ports For Cotonou, Togo
Following the incessant increase in Customs exchange rate for clearance of imported items at the Nigerian seaports and Airports, and ...
As Inflation Soars, Will MPC Hold Rate Or Not?
As the Monetary Policy Committee(MPC) of the Central Bank of Nigeria (CBN) convene today, Monday July 18 and Tuesday July ...
‘We’ve Paid Over N3.5bn As Rebates To Eligible Non-Oil Exporters’
The Central Bank of Nigeria (CBN) said it has paid over N3.5 billion as rebates to eligible non-oil exporters. CBN governor, Godwin ...
