CBN sells over $300m to deposit money banks
By Melvin Onwubuke The Central Bank of Nigeria in its efforts to stabilize the exchange rate has sold over $300 million…
CBN
CBN’s monetary policy will increase market dividends – Analyst
By Melvin Onwubuke The analyst at FBNQuest, asset management division of FBN Holdings, have projected a significant market yield for the…
CBN to stop BDC’s street trading, limit FX purchase to $500
The Central Bank of Nigeria is contemplating significant regulatory changes for Bureau De Change operators, as outlined in its revised guidelines. The…
Analyst projects rate hike as MPC meeting holds Monday
By Melvin Onwubuke The Central Bank of Nigeria will on Monday and Tuesday hold the Monetary Council Policy meeting under Yemi Cardoso,…
Senate approves Yuguda, Cardoso, others as MPC members
The appointment of twelve individuals to the Central Bank of Nigeria’s Monetary Policy Committee has been approved by the Senate. According to…
Naira decline continues in parallel market, N1,700/$1
By Melvin Onwubuke Nigeria Naira strengthened against the dollar in the official market, as there was a significant rise of 76.61%…
Senate to probe Buhari regime, Emefiele over N30trn loan
By Melvin Onwubuke The senate has launched an inquiry to how N30 trillion ways and means loans was obtained and utilized…
FX Crisis: NSA, CBN, others to target speculators
Under the leadership of the Office of the National Security Adviser, Nuhu Ribadu, and the Central Bank of Nigeria have joined forces…
CBN slashes import duty exchange rate to N1,472/$
The Central Bank of Nigeria has revised the exchange rate utilized by the Nigeria Customs Service for calculating import duty at the…
CBN stops foreign oil corporations from sending all fx proceeds abroad
International oil companies who operate in Nigeria are no longer allowed to send 100% of their foreign exchange earnings to their parent…
CBN, others to review 2.9tTn tax credit scheme
Federal Inland Revenue Service, the Ministry of Works, and the Central Bank of Nigeria will convene to discuss the N2.59 trillion tax…
Tinubu writes Senate for approval of five CBN directors
President Bola Tinubu sent a list of names to the Senate on Tuesday for the screening and confirmation of five nominees for…