Tag
CBN
Financial experts have called for a pause on interest rate hikes to stabilize Nigeria's struggling economy.
The Central Bank of Nigeria (CBN), under Yemi Cardoso, has increased the monetary policy rate (MPR) four times to combat inflation and foster economic stability.
The Central Bank of Nigeria (CBN) has appointed Lady Ada Chukwudozie as the Chairperson of the new Board of Keystone bank and other non-Executive Directors.
The Central Bank of Nigeria (CBN) plans to expand the use of its digital currency, eNaira, to facilitate payments into government accounts and allow Ministries, Departments, and Agencies (MDAs) to initiate vendor and beneficiary payments.
The Central Bank of Nigeria (CBN) has reaffirmed that its Ways and Means Advances to the federal government will continue to be maintained at the 5% threshold for fiscal years 2024-2025.
Nigeria has been listed as one of the top 3 countries in the world where Central Bank Digital Currency (CBDC) has gained momentum as 44 other countries are starting their pilot phase.
Nigeria’s foreign exchange (FX) unification policy, implemented by the Central Bank of Nigeria (CBN) in June 2023, aimed to simplify the country’s multiple exchange rate system by consolidating it into a single market-driven rate.
The Central Bank of Nigeria (CBN) has recorded a significant influx of demand in the latest Nigerian Treasury Bills (NTB) auction conducted on September 11, 2024, with total subscriptions reaching N563.17 billion across the three tenors.
Loan apps or digital money lenders, as the companies behind them are known, have become essential in Nigeria's informal economy by offering quick and accessible loans.
The Economic and Financial Crimes Commission (EFCC) is poised to take legal action against top executives in Nigeria’s banking sector over allegations of financial crimes, including money laundering and fraudulent practices.
The exchange rate between the naira and the US dollar appreciated to N1,580.46 at the official Investor and Exporter (I&E) window on Monday, September 9, 2024.
The naira made a notable recovery in the official market on September 6, 2024, closing at N1,593.32/$1, marking a 2.89% rebound after three consecutive days of depreciation.