CBN Holds Interest Rate Steady at 27.5%, Retains Other Key Monetary Tools
The Central Bank of Nigeria (CBN) has chosen to maintain its benchmark interest rate, the Monetary Policy Rate (MPR), at ...
Tag: CBN
Naira Strengthens Slightly to ₦1,597/$ Ahead of Key CBN Policy Meeting
Nigeria’s currency, the naira, recorded a slight gain on Monday, appreciating to ₦1,597 per US dollar at the official exchange ...
CBN Assures Nigerians of Banking Sector Stability Amid Speculations
The Central Bank of Nigeria (CBN) has reaffirmed the strength and safety of the nation’s banking sector, dispelling concerns sparked ...
CBN Cuts Federal Government Loans by Over ₦4 Trillion Amid Fiscal Reforms
The Central Bank of Nigeria (CBN) has significantly scaled back its lending to the Federal Government, slashing net loans and ...
CBN Bolsters Non-Oil Export Strategy Amid Oil Price Slump
With global crude oil prices dipping below expectations, the Central Bank of Nigeria (CBN) has intensified efforts to diversify the ...
CBN Launches Diaspora BVN Platform, Targets $1 Billion Monthly Remittances
The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has unveiled a new digital ...
CBN Ups Treasury Bills Auction Offer to N550bn Amid Slower Investor Demand
The Central Bank of Nigeria (CBN) has increased its offering at the latest Treasury Bills (T-bills) auction, raising the total ...
Naira Strengthens to N1,600 Against Dollar in Parallel Market
The Nigerian naira saw a modest boost on Monday, climbing to N1,600 per dollar in the parallel market, an improvement ...
Nigeria’s Currency Management Costs Soar to N315 Billion Amid Cash Crisis
The Central Bank of Nigeria (CBN) has reported a staggering increase in its currency management expenses, spending over N315 ...
CBN Slaps Paystack with ₦250 Million Fine Over Zap Operations
Nigeria’s Central Bank has imposed a ₦250 million fine on leading fintech firm Paystack, citing regulatory breaches tied to its ...
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