CBN Governor Yemi Cardoso discusses how for one, exporting petroleum from the Dangote Refinery will ease pressure on the FX, the outcome of passenger and freight charges consistent with food prices.
CBN
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CBN raises interest rate to 27.25 percentage, and raises the CRR for all money deposit banks to 50 percentage
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The CBN sells $20,000 to each BDC at ₦1,450 per dollar to facilitate invisible transactions, aiming to stabilize the foreign exchange market and ease naira pressure
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The Nigerian naira plummets to a record low of N1507.83 to the dollar, highlighting economic challenges and sparking concerns over inflation and cost of living.
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ABUJA – The Nigeria Labour Congress (NLC) has strongly criticized the Central Bank of Nigeria (CBN) over its proposed cybersecurity levy, arguing that it will place an undue burden on…
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The Central Bank of Nigeria (CBN) has commenced the sale of foreign exchange (forex) to eligible Bureau De Change (BDC) operators at the rate of N125.1 per US dollar. This…
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A forensic expert has testified in court that the signatures of former President Muhammadu Buhari and ex-Secretary to the Government of the Federation (SGF) Boss Mustapha were forged to withdraw…
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Nigeria’s central bank (CBN) and its national security adviser (ONSA) have joined forces to tackle the problem of forex speculators, who are accused of manipulating the exchange rate and hurting…
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A shocking scandal has rocked Nigeria as a former top official revealed that President Muhammadu Buhari’s signature was forged to withdraw $6.2 billion from the Central Bank of Nigeria (CBN)…
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The Nigerian National Petroleum Company Limited (NNPC Ltd.), the largest company in the country, has announced that it will move a significant portion of its revenues and other banking services…