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CBN
Standard Chartered Bank has issued a notification to its clientele regarding the submission and verification of Tax Clearance Certificates (TCC). This latest communication is an update following the bank's previous advisories on the same matter.
The Central Bank of Nigeria has reduced the exchange rate for cargo clearance at Customs area command to N1572.50 from N1593.41 just two days ago. This represents a drop of N20.91 in just a few days.
A member of Nigeria's Monetary Policy Committee (MPC), Murtala Sabo Sagagi, has addressed the limitations of monetary policy in addressing the nation's escalating inflation amidst structural challenges.
The Monetary Policy Committee of the CBN will meet for the second time this year on the 25th and 26th of March 2024. This was announced in a notice on the CBN website assessed by Nairametrics.
The eleven power distribution companies (DisCos) secured the total amount of N53.3 billion in credit facility from the Central Bank of Nigeria’s National Mass Metering Programme (NMMP).
A litmus test of the naira's stability will be in play when the Federal Reserve makes it interest rate decision on Wednesday which has currency traders take a position on the haven currency
The Central Bank of Nigeria has allocated N141.64 billion out of the over N10.3 trillion intervention funds to the health sector since inception, representing a mere 1% of the cumulative disbursements.
Nigeria's power sector has gulped an estimated N2.3 trillion in intervention fund since it was first initiated in 2015.
The Central Bank of Nigeria (CBN) has reportedly sacked at least 5 directors in what seems like the commencement of reorganization process at the apex bank.
Farmers and agricultural firms in Nigeria are grappling with a massive debt burden as they struggle to repay N380.97 billion of the Central Bank of Nigeria's intervention loans by September 30, 2023.
The exchange rate for cargo clearance has dropped to N1593.41/$ from N1612.28/$ recorded last week representing a drop of about N18.87.
Imported food inflation in Nigeria rose to its highest level, reaching 29.8% in February 2024 from 26.3% recorded in the previous month, which represents a 352 basis points increase.