PR crucial for Nigeria’s economic growth, says Cardoso
The Governor of the Central Bank of Nigeria, Yemi Cardoso, has stated that Public Relations is an essential instrument for any country…
CBN
CBN raises Customs rates for cargo clearance by 14%
The Central Bank of Nigeria has again announced a hike in the exchange rate for paying import duty by 14 per cent.…
FG borrows additional N3.8trn from CBN in six months
The Federal Government of Nigeria acquired an additional N3.8 trillion through what appears to be fresh Ways and Means Borrowing within the…
FG borrows additional N3.8trn from CBN in six months
The Federal Government in what appears to be Ways and Means has received an additional N3.8 trillion in the last six months.…
CBN’s moves to stabilise naira commendable – Osun cleric
The aggressive policies introduced by the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to stabilise the naira have been commended…
CBN sells dollars to BDCs at N1,021/$ as naira falls
The Central Bank of Nigeria has issued a circular to all Bureau De Change operators, detailing a new initiative to directly sell…
CBN reduces banks’ loan-deposit ratio to 50%
The Central Bank of Nigeria has reduced the loan-to-deposit ratio of commercial banks from 65 % to 50 % as part of…
Nigeria’s FX reserves shrink linked to debt repayments – CBN
The Central Bank of Nigeria has thrown more light on the reasons for the notable decline in the nation’s foreign exchange reserve,…
Nigeria’s FX reserves shrink, sparks naira float speculation
The Nigerian foreign reserves are depleting at a pace not observed in four years, sparking concerns that the central bank is using…
Court grants Emefiele N50m bail
The Lagos high court in Ikeja has granted the former Central Bank of Nigeria, Godwin Emefiele, a N50 million bail on Friday.…
Keyamo affirms airline industry’s FX backlog cleared
The Minister of Aviation and Aeronautics, Festus Keyamo said the Central Bank of Nigeria has cleared a backlog amounting to approximately $160…
Bankers worry over 12,000 job losses
The Nigeria Labour Congress, NLC, and the Association of Senior Staff of Banks, Insurance and Financial Institutions, ASSBIFI, have raised concerns over…