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BREAKING: Higher Interest Rate Looms As CBN Raises MPR Further To 24.75%

The Central Bank of Nigeria has further raised the Monetary Policy Rate to 24.75 per cent, a decision influenced by the rising inflation in...

Business

Nigerian Stock Market Records N247bn Loss Amidst Bullish Naira

The Nigerian stock market depreciated by 0.42 per cent resulting in N247bn loss by the end of the week amidst a rebound in the...

Business

CBN Settles Only $3.8bn Out Of $7bn FX Backlog, Declares Balance ‘Illegitimate’

The Central Bank of Nigeria (CBN) has paid $1.5bn as settlement for the balance of the valid foreign exchange backlogs the new governor, Olayemi...

Business

Cardoso’s CBN Defends Donating N100bn Fertilizer Amid Criticism Of Returning To Emefiele Unorthodox Style

The Central Bank of Nigeria has defended a recent donation of N100bn worth of fertilizer which suggests that the Governor, Olayemi Cardoso is toeing...

Business

In An Aggressive Move To Tackle Food Inflation, CBN Releases N100bn Fertiliser To Farmers

The Central Bank of Nigeria on Wednesday announced the allocation of 2.15 million bags of fertiliser, valued at over N100bn to the Ministry of...

Business

Binance To Discontinue All Naira Services After $10bn Fine By FG

Binance Nigeria has announced that it will discontinue all its Naira services from March 8 following the clampdown on the company by the federal...

News

CBN Gov, Cardoso, assures Nigerians of efforts to strengthen Naira, acknowledges challenges

Central Bank of Nigeria (CBN) Governor Dr. Olayemi Cardoso on Thursday, Nigerians to remain patient as the bank works to tackle the depreciation of...

Business

Social Integrity Network Demands Probe Of Alleged $2.4bn Forex Trading Fraud

The Social Integrity Network, (SINET) has demanded further clarification concerning a statement credited to the Central Bank of Nigeria, CBN Governor, Mr. Olayemi Cardoso,...

Business

Naira Crashes To N1,580 Despite Five Circulars Issued By CBN

The naira has continued its losing streak and has reached a record low against the US dollar despite a boast by the Central Bank...

Business

Nigeria Has Capacity To Repay $2.82bn Debt Owed IMF- Report

The International Monetary Fund (IMF) says Nigeria can repay its debt obligations to the Washington-based institution following recent reforms.The IMF said this in the...

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