eNaira records N8bn worth transaction – CBN
The Central Bank of Nigeria has recorded 700,000 eNaira transactions worth N8bn in the last year. According to Channels, this was stated…
CBN
CBN sells Polaris Bank N50bn
Strategic Capital Investment Limited has completed the acquisition of the entire Polaris Bank shares for N50 billion. The Central Bank of Nigeria…
Reps stops CBNs sale of Polaris Bank
The House of Representatives has asked the Central Bank of Nigeria to halt the planned sale of Polaris Bank Plc. According to…
Analysts kick as CBN loans to FG hit N22tn
A recent report has revealed that the Federal Government is owing the Central Bank of Nigeria the sum of twenty-two trillion naira,…
Nigeria’s foreign reserves plunge to $38.3bn
The Central Bank of Nigeria has revealed that the nation’s external reserves at the end of September dropped to $38.318 billion signifying…
We raised interest rate to control inflation – CBN
The Central Bank of Nigeria on Wednesday disclosed that the Monetary Policy Rate was increased by its Monetary Policy Committee in order…
eNaira hits 905k downloads
At least 905,588 Nigerians have downloaded the eNaira on the Apple and Google application stores, the Central Bank of Nigeria has said.…
CBN raises interest rate to 15.5%
To tame rising inflation, the Central Bank of Nigeria’s policy-setting committee has raised the monetary policy rate to 15.5 per cent from…
Prepare for recession, World bank warns CBN
The World Bank on Thursday issued a warning to the Central Bank of Nigeria and other central bank across the world that…
CBN responsible for export exchange rate – NCS
The Nigeria Customs Service said the Central Bank of Nigeria is responsible for the exchange rate increase on imported goods. According to…
Trapped forex: CBN releases $265m to airlines
In a move to curtail the crisis parading the aviation sector, the Central Bank of Nigeria released the sum of $265 million…
eNaira hits $9m transactions, 840k downloads
The eNaira has recorded ₦4 billion ($9.3 million ) transactions and 840,000 app downloads, Gadgets Africa reports. This comes a few days…