In the face of a record inflation rate, the Central Bank of Nigeria, CBN, within the week, announced the redesigning of Naira’s higher denominations…
View More Naira Redesign: Controversies, fears as CBN takes drastic step to save currency
Tag: CBN
CBN’s move to redesign currency to bring sanity to Nigeria’s currency management -Bawa
Abdulrasheed Bawa, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), said that the move by the Central Bank of Nigeria to redesign and reissue higher…
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EXPLAINED: Why CBN is changing naira notes and what it means for your money
CBN’s Godwin Emefiele surprised Nigerians earlier today when he announced plans to introduce new designs of the N200, N500, and N1,000 notes by December 15; a mere 50…
View More EXPLAINED: Why CBN is changing naira notes and what it means for your money
Despite CBN interest rate hikes, money supply jumps to record high of N49 trillion
The money supply in the economy is at its highest level on record, at almost N49.3 trillion in August, topping the previous record set in…
View More Despite CBN interest rate hikes, money supply jumps to record high of N49 trillion
Businesses face crunch, CBN raises rate to 15.5%
•It’s a panic measure, NACCIMA, others •Rate hike’ll worsen cost of capital – Economists •CBN eyes liquidity mop-up on Thursday In consideration of the galloping…
View More Businesses face crunch, CBN raises rate to 15.5%
Why CBN Policies Can’t Bring Inflation Down
Details of why CBN Policies can’t bring inflation down can be accessed below. inflation seems to be the buzzword in Nigeria these days. It comes…
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Bank borrowing from CBN rises 27% to N4.5tn
Amid a rising liquidity crunch, banks operating in Nigeria borrowed a whopping sum of N4.5tn from the Central Bank of Nigeria in July, an increase…
View More Bank borrowing from CBN rises 27% to N4.5tn
Non-remittance of dollars by NNPC behind Naira crisis – CBN says
The Central Bank of Nigeria CBN says the non-remittance of dollars to foreign reserves by the Nigeria National Petroleum Corporation (NNPC) is responsible for the…
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Emefiele: Reps to bar CBN chiefs from politics
The House of Representatives has begun the process of disqualifying politicians and persons with political affiliations from taking leadership positions in the Central Bank of…
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Buhari seeks Senate’s nod on four reappointed nominees as CBN Directors
President Muhammadu Buhari on Tuesday sought the Senate’s approval on four reappointed nominees as Directors of the Central Bank of Nigeria, CBN, Board. Buhari requested…
View More Buhari seeks Senate’s nod on four reappointed nominees as CBN Directors