Tag: CBN
Banks’ borrowing from CBN rises 12% to N2 trillion
Deposit banks’ borrowing from the Central Bank of Nigeria rose year-on-year by 12 per cent to N2.02 trillion in September 2022, under ...We injected $7.6bn into FX market in five months to stabilise naira – CBN
The Central Bank of Nigeria has said it injected $7.6 billion into the economy in five months through foreign exchange sales to ...CBN to enable eNaira for USSD operations
Nigerians, from next week, will be able to open an eNaira wallet and conduct transactions by simply using a designated USSD code ...We’re working to stop naira’s further fall against dollar, CBN assures Nigerians
The Central Bank of Nigeria has assured Nigerians that it is working to further stop the naira’s further fall against the dollar. ...Stop it! It’s illegal to buy dollars with naira, offenders will be arrested, says CBN
The Central Bank of Nigeria has threatened to arrest and prosecute Nigerians using naira to buy dollars. CBN Governor, Godwin Emefiele, said ...CBN board will determine Emefiele’s fate, not me – Buhari
President Muhammadu Buhari has said the board of the Central Bank of Nigeria will determine Godwin Emefiele’s fate. He said this while ...CBN increases interest rate to 13%
The Monetary Policy Committee of the Central Bank of Nigeria has voted unanimously to raise the interest rate to 13 per cent ...Naira notes will be out of circulation soon – CBN
The Central Bank of Nigeria has said the paper currency will soon be out of circulation, urging market men and women to ...Naira nosedives to N595/$ at parallel market, forex demand surges
The naira has depreciated further against the dollar at the parallel section of the foreign exchange market. According to The Cable, the ...
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