Senate discovers new infractions on N30tn loans, summons CBN gov
The Senate Ad-hoc Committee probing how the N30tn Ways and Means loans were obtained from the Central Bank of Nigeria, and spent…
CBN
Customs exchange rate for cargo clearance reduce to N1593/$
The exchange rate for cargo clearance decreased to N1593.41/$, which represents a decrease of about N18.87 from last week’s record value of…
External reserves rise to $993m – Report
Recent data released by the Central Bank of Nigeria reveals a significant increase in external reserves, surging by $993 million within a…
FX payments rose to $1.3bn in February – CBN
Foreign remittances into the nation increased to $1.3 billion in February 2024 from $300 million the month before according to the Central…
CBN, Gluwa signs MoU to boost eNaira adoption
The Central Bank of Nigeria has signed a Memorandum of Understanding with a blockchain firm, Gluwa to drive the increased adoption of…
CBN sells another N1.3 trillion in treasury bills at 21.5%
Melvin Onwubuke The Central Bank of Nigeria (CBN) has completed another round of Treasury Bills (T-Bills) auction, offloading about N1.3 trillion. The…
Analysts fear new interest rate may increase non-performing loans
By Melvin Onwubuke There are concerns by some financial experts, regarding the aggressive monetary policy stance adopted by the Central Bank…
Nigerian Exchange ahead in Africa with 33.70% gain
By Melvin Onwubuke The Nigerian Exchange has emerged as the number one exchange in Africa in the first two months of 2024,…
Nigeria needs more stringent measures to secure macroeconomic stability – Fitch
By Melvin Onwubuke Fitch Ratings Inc. has highlighted the need for Nigeria to adopt more rigid monetary tightening measures to secure macroeconomic…
Naira rises against dollar, hits seven-day high
For the third day in a row, the naira and dollar increased in value, ending the day on the official market at…
Banks increase lending rates after CBN’s MPR hike
By Melvin Onwubuke Following the Central Bank of Nigeria’s record increase in monetary policy rate, Nigerian banks began to raise their…
Senate probes CBN officials over N30tn loan
By Melvin Onwubuke The Senate has announced that, it will question some officials of the Nigeria Central Bank on how N30tn…