Tag: central bank of nigeria

News
CBN explains why Naira depreciates against US Dollar

CBN explains why Naira depreciates against US Dollar

The Central Bank of Nigeria (CBN) has explained why there is recent sharp depreciation...

News
We Will Arrest Anyone Who Sprays Or Steps On Naira Notes – CBN Blows Hot

We Will Arrest Anyone Who Sprays Or Steps On Naira Notes...

The Central Bank of Nigeria has issued a warning to people abusing the naira. The...

News
CBN warns Microfinance banks against FOREX Transactions

CBN warns Microfinance banks against FOREX Transactions

  Microfinance banks in the country have been warned by the Central Bank of...

News
Stakeholders Express Worry over Gombe Gov’s Mounting Debts from Loans … Urge CBN to avoid granting any fresh loan to the State

Stakeholders Express Worry over Gombe Gov’s Mounting...

The Central Bank of Nigeria (CBN) has been urged not to advance any fresh loan request...

News
Reps to investigate CBN, AMCON, others, for refusal to defend 2022 budget

Reps to investigate CBN, AMCON, others, for refusal to...

The leadership of the House of Representatives is to meet with the Committee on...

Business
No Dollar Spent On Cement Import In Seven Years —Emefiele

No Dollar Spent On Cement Import In Seven Years —Emefiele

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria...

News
CBN to stop sale of forex to banks by end of the year

CBN to stop sale of forex to banks by end of the year

The Central Bank of Nigeria has announced that it would stop the sale of foreign...

Business
Banks’ forex ban: Dollar scarcity, inflation, firms’ closure imminent, experts warn

Banks’ forex ban: Dollar scarcity, inflation, firms’...

Financial analysts and economic experts have expressed worry over the plan by the...

Business
Currency in circulation hits N3.33tn on cash transactions

Currency in circulation hits N3.33tn on cash transactions

The currency in circulation rose by N418bn to N3.33tn as of December 31, 2021, from...