The Central Bank of Nigeria has allowed commercial banks to freely trade foreign exchange at any rate. The announcement comes after Godwin Emefiele’s suspension as…
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Tag: CBN
Tinubu appoints Folashodun Shonubi acting CBN Governor
President Bola Tinubu has appointed Mr Folashodun Adebisi Shonubi as the acting Governor of Central Bank of Nigeria. Shonubi’s appointment followed the suspension of Godwin…
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BREAKING: PRESIDENT TINUBU SUSPENDS EMEFIELE FROM OFFICE AS CENTRAL BANK GOVERNOR
President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. This is sequel to the ongoing…
View More BREAKING: PRESIDENT TINUBU SUSPENDS EMEFIELE FROM OFFICE AS CENTRAL BANK GOVERNOR
CBN appoints Isa Abdulmumin as spokesman
The Central Bank of Nigeria (CBN) has appointed Dr Isa Abdulmumin as the Acting Director, Corporate Communications Department. Abdulmumin takes over from Mr Osita Nwanisobi,…
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New naira: Anger spreads over scarcity, Reps oppose CBN extension
The House of Representatives has rejected the February 10 deadline for the phasing out of old currency notes announced by the Central Bank of Nigeria…
View More New naira: Anger spreads over scarcity, Reps oppose CBN extension
Naira depreciation adds N9tn to foreign debt burden
…as local currency weakens by 53%, external debt rises by 288% •Nigeria needs strong, productive economy, say economists The value of naira to dollar fell…
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Inflation: Knocks, kudos trail CBN’s hike of interest rate to 16.5 percent
In less than three months after it had raised the country’s interest rate to a double-digit, 15.5 percent, the Monetary Policy Committee (MPC) of the…
View More Inflation: Knocks, kudos trail CBN’s hike of interest rate to 16.5 percent
Scarcity of funds triggers 253% rise in banks’ borrowing from CBN
The scarcity of funds in the interbank money market intensified last week prompting a 253 per cent spike in banks’ borrowing from the Central Bank of…
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Currency Redesign: We ‘ll protect Nigerians without bank accounts -CBN
The Central Bank of Nigeria (CBN) has promised to protect Nigerians without bank accounts, to ensure they don’t suffer any loss in the proposed Naira…
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Minister of Finance says not consulted about CBN new naira note policy
Nigeria’s minister of finance has revealed that she was not consulted before the new central bank’s policy to change the N200, N500 and N1,000 notes…
View More Minister of Finance says not consulted about CBN new naira note policy