Naira face U.S Fed test as Nigeria FX market show short term stability
A litmus test of the naira's stability will be in play when the Federal Reserve makes it interest rate decision ...
Tag: CBN
CBN N10.3 trillion intervention fund: Nigeria’s health sector gets mere 1% allocation
The Central Bank of Nigeria has allocated N141.64 billion out of the over N10.3 trillion intervention funds to the health ...
CBN Intervention Fund: Power Sector gulps N2.3 trillion as of 2023
Nigeria's power sector has gulped an estimated N2.3 trillion in intervention fund since it was first initiated in 2015.
CBN fires some directors as Cardoso commences reorganization process
The Central Bank of Nigeria (CBN) has reportedly sacked at least 5 directors in what seems like the commencement of ...
CBN interventions: Farmers, agric firms fail to repay N380.97 billion due loans
Farmers and agricultural firms in Nigeria are grappling with a massive debt burden as they struggle to repay N380.97 billion ...
Customs exchange rate for cargo clearance drops to N1593/$
The exchange rate for cargo clearance has dropped to N1593.41/$ from N1612.28/$ recorded last week representing a drop of about ...
Nigeria’s imported food inflation jumps to 29.8% as naira depreciation triggers record high rate
Imported food inflation in Nigeria rose to its highest level, reaching 29.8% in February 2024 from 26.3% recorded in the ...
CBN says donation of 2.15 million bags of fertilizers not new intervention
The Central Bank of Nigeria has indicated that the 2.15 million bags of fertilizers donated to the Ministry of Agriculture ...
BVN registration hits 61.16 million as CBN deadline approaches
Registration for the Bank Verification Number (BVN) increased to 61.16 million as of March 15, 2024.
CBN to Banks: Don’t pay dividends with FX gains in 2024
The Central Bank of Nigeria (CBN) has reiterated its position on how banks utilize their FX revaluation gains referencing a ...
