The Central Bank of Nigeria (CBN) has unveiled alarming statistics indicating that Nigerians are retaining a staggering 94% of the total naira in circulation outside the...
The Central Bank of Nigeria (CBN) Governor, Dr. Olayemi Cardoso, has raised concerns over the impact of government palliatives on food inflation. He stated that the...
The Central Bank of Nigeria (CBN) has raised the exchange rate for the Nigerian Customs Service’s duty collection by N163, bringing the new rate from N1,162/$...
The Central Bank of Nigeria (CBN) has banned leading microfinance banks Moniepoint, Opay, and Kuda from accepting new customers, citing concerns about cryptocurrency-related activities and the...
The Naira showed signs of recovery over the weekend, strengthening by 9.8 percent against the United States dollar to reach N1,275/$1 in the parallel market. This...
The Central Bank of Nigeria (CBN) recently deleted a report revealing that the federal government received a fresh loan of N3.8 trillion through Ways and Means...
The Federal Government of Nigeria borrowed N3.8 trillion from the Central Bank of Nigeria (CBN) in the last six months of 2023, despite assurances from...
Amid escalating concerns over insecurity and a turbulent economy, Senator Ned Nwoko has issued a stern warning to the Federal Government and the Central Bank of...
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has clarified that the Tinubu government has not borrowed from the Central...
The Central Bank of Nigeria (CBN) has refuted claims suggesting it sold foreign exchange (FX) to bureau de change (BDC) operators at the rate of N1,001/$1....