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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
A report by the CBN noted that the overall deficit is indicative of an expansionary policy stance
The CBN is optimistic that export proceeds for rebate would hit the $1 billion mark by the fourth quarter of 2022.
CBN defended the revised cash withdrawal limits to the Senate Committee on Banking telling them the time for full implementation of the cashless policy is now.
The House of Representatives has asked the Central Bank of Nigeria (CBN) to immediately suspend the planned implementation of its new policy on revised cash withdrawal limits for individuals and corporate organizations.
Fiscal policy partner and African tax leader at PricewaterhouseCoopers (PwC), Taiwo Oyedele, has explained the tax implications of...
The apex bank has limited weekly ATM withdrawals to N100,000 per individual
The treasury bills rate has witnessed a significant increase in recent times on the back of multiple MPR upward adjustments by the CBN
The CBN has disbursed a cumulative total of N4.5 trillion in intervention funds to the private sector of the Nigerian Economy as of November 2022.
We explained what it means for your money.
80% of the currency in circulation is outside the vaults of the commercial banks
He also reiterated that the new and existing currencies would remain legal tender and will be circulated alongside each other until January 31, 2023
The lawmakers also questioned the impacts the redesign will have on the economy and residents living in rural areas