Tag: CBN
Reduce govt borrowing from CBN, World Bank advises Nigeria
The World Bank Group has urged Nigeria to reduce government’s borrowing from the Central Bank if it wants to reduce the inflationary ...CBN raises interest rate to 18.75%
The Central Bank of Nigeria has raised the Monetary Policy Rate, which measures interest rate, from 18.5 percent to 18.75%. Acting CBN ...Nigerians can now receive Diaspora remittances in Naira – CBN
The Central Bank of Nigeria has disclosed that the nation’s official currency, the naira can now stand as a payout option for ...CBN intervenes as more PoS operators implement rate hike
The Central Bank of Nigeria has said it will intervene to resolve issues around the new charges adopted by Point of Sale ...CBN lifts restriction on $10k deposit for domiciliary account holders
The Central Bank of Nigeria has said cash deposits into domiciliary accounts will not be restricted, and customers “shall have unfettered and ...CBN fresh FX supply likely as Naira weakens to 702/$
The naira traded at 702.19/dollar at the close of business on Thursday, as the Central Bank of Nigeria has allowed for a ...It’s official! CBN announces unification of all exchange rate windows
The Central Bank of Nigeria has announced the unification of all segments of the forex exchange market. In a circular on Wednesday, ...CBN directs banks to trade freely, as Naira hits N755/$ ‘officially’
The naira is currently trading at N750-N755 per dollar at the investors and exporters window, which is the official market. Sources familiar ...Debt servicing hits $112m monthly, says CBN
The Federal Government spent $112.35m servicing external debt in January 2023. Data from the Central Bank of Nigeria’s Weekly International Payments showed ...BVN has no expiry date, CBN clarifies
The Central Bank of Nigeria has said the bank verification number it issues in collaboration with Nigeria Inter-Bank Settlement System does not ...
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