CBN still holding to Air Peace’s $14m six months after – Onyema
The chairman of Air Peace, Mr. Allen Onyema has said that the airline’s $14 million is still being held by ...
Tag: CBN
Naira gains against dollar but fragile amid U.S interest rate decision
The Nigerian naira has once again surpassed a key black market resistance level, settling at N1,170 against the greenback, as ...
CBN denies plans to redenominate the naira from January 2024
The Central Bank of Nigeria has clarified that there are no plans to redenominate the country’s currency from January 2024. ...
Kano assembly approves Governor Yusuf’s N4 billion loan request from CBN
Governor Abba Kabir Yusuf request to get a N4 billion loan from the CBN to complete the Tiga Independent Power ...
MASSIVE DROP: Nigeria’s Net Foreign Assets plunges by 91% in September, according to latest CBN data
Nigeria's Net Foreign Assets (NFA) declined by 91.7% to N591 billion according to the information contained in the apex bank's ...
Debt Restructuring: Ways and Means not sustainable for budget funding – Wale Edun
The Minister of Finance, Wale Edun, says the federal budget cannot be sustained by the Ways and Means advances from ...
ABCON insists BDCs don’t need more than N35 million capital
The Association of Bureau De Change Operators of Nigeria (ABCON) has maintained that BDCs do not need more than the ...
Naira sells for N1,186/$1 at the P2P market as Fed hawkish stance weighs on Nigeria FX market
The past week has been unpleasant for Africa's largest economy's currency as the naira hit a fresh low in the ...
Forex crisis: BDCs to CBN, allow us carry out online dollar operations, receive diaspora remittances
ABCON) has asked the CBN to allow BDCs to carry out online dollar operations and Point of Sale (POS) agency ...
How CBN’s lifting of ban on 43 items will affect food inflation – Experts
The recent lifting of foreign exchange restrictions on 43 items by the Central Bank of Nigeria (CBN) has sparked a ...
