CBN adjusts exchange rate for cargo clearance to N1515.09/$
The Central Bank of Nigeria (CBN) has raised the exchange rate for the clearance of goods from N1444.56/$ to N1515.09 ...
Tag: CBN
Emefiele’s trail: Ex-SGF, Mustapha, says forged documents used to withdraw $6.2 million from CBN
A former Secretary of the Government of the Federation, Boss Mustapha, has hinted that the $6.2 million was withdrawn from ...
President Tinubu writes Senate to confirm newly nominated Directors of CBN Board
President Bola Tinubu on Tuesday forwarded a list of names to the Senate for the screening and confirmation of five ...
Food Inflation: FG to create 5 to 10 million jobs for youths in the agricultural sector – Shettima
Vice President Kashim Shettima has said that the federal government is working to create about 5 to 10 million jobs ...
Nigeria’s foreign reserve to drop to $24 billion in 2024 – IMF
In a concerning forecast by the International Monetary Fund (IMF), Nigeria's foreign reserve is expected to see a significant reduction, ...
Modest way forward for troubled Naira
My current intervention on the abysmal performance of our dear Naira, drew strength from the above, Late Sir Henry Boyo, ...
IMF advises CBN to raise N2 trillion through OMO bills in the next 12months
The International Monetary Fund (IMF) has advised the Central Bank of Nigeria to as a measure to rein in on ...
CBN edges towards free float of naira with discontinuation of cap on forex transactions
The Central Bank of Nigeria (CBN) has announced significant reforms in the foreign exchange market, signaling a stride towards a ...
CBN discontinues ±2.5% cap spread on Interbank FX transactions
The CBN in a circular dated February 8 has removed the ±2.5% cap spread on interbank FX transactions. The circular ...
International transfers through Western Union, others to be paid out in naira
International transfers through international money transfers operators (IMTOs) will be paid out in naira in line with recent guidelines from ...
