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BREAKING: CBN Ignores Expert Warnings, Raises Interest Rate To 27.75

The Central Bank of Nigeria has surprisingly raised the monetary policy rate to 27.75 per cent despite warning from experts.The CBN governor, Olayemi Cardoso,...
Business

JUST IN: CBN Denies Re-Introducing Cyber Security Levy

The Central Bank of Nigeria has denied the re-introduction of the controversial cyber security level it abandoned in May after public outcry.The apex bank...
Business

CBN Directs BDCs To Demand BVN Before Dollar Sale

The Central Bank of Nigeria has made it compulsory for Bureau de Change (BDCs) and other eligible forex dealers to sell dollars to only...
Business

Nigerians Demand Interst Rate Reduction, Says Inflation Causing Hardship

A report published by the Central Bank of Nigeria has indicated that the country’s inflation is too high for consumers to survive, making them...
Business

Naira Drops Despite Improved Remittance Inflows Of $553m

The naira has lost 0.31 per cent of its value in the last 11 days despite the $553m remittances inflow achieved in July 2024.In...
Business

Experts Back CBN Policy Committee Member, Fault Raising Ways And Means Limit To 10%

A member of the Central Bank of Nigeria Monetary Policy Committee, Murtala Sabo Sagagi has advised the Federal Government to reconsider the increase of...
Business

2024 Budget: FG Records 56.13% Revenue Underperformance

Nigeria is facing worse economic issues than expected as its revenue projection in the 2024 budget underperformed by 56.13 per cent, a member of...
Business

Stabilizing Inflation Key to Revitalizing Nigeria’s Investment Climate- Aig-Imoukhuede

The Managing Director of Coronation Asset Management Limited Mr. Aigbovbioise Aig-Imoukhuede has said that controlling inflation is critical to attracting and sustaining both domestic...
Business

CBN Approves Sale Of $876.3m To 26 Banks To Crash Dollar Price

The Central Bank of Nigeria (CBN) has approved the sale of $876.26m to 26 banks in a bid to stabilise the naira.The bank said...
Business

We Didn’t Order Banks To Transfer Funds In Domiciliary Account To UBTF-CBN

The Central Bank of Nigeria (CBN) has said that it did not order banks to transfer funds in domiciliary accounts of Nigerians to the...
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