High Interest Rates Boost Foreign Portfolio Investment in Nigeria by 170%
Nigeria has seen a significant surge in Foreign Portfolio Investment (FPI) inflows in the first nine months of 2024, driven ...
Tag: CBN
Nigeria’s Fiscal Deficit Exceeds Projections, Reaches 7.6% of GDP
Nigeria’s fiscal deficit has soared to 7.6% of GDP as of August 2024, far surpassing the initially approved target of ...
Naira Falls as FX Turnover Declines by 71% Amidst Market Pressure
The Nigerian naira weakened further on Monday, sliding to ₦1,670.75 per dollar in the official market and ₦1,748 per dollar ...
Nigeria’s Capital Spending Drops by 25% in H1 2024, Says CBN
Nigeria's capital expenditure dropped by 25.3% in the first half of 2024, amounting to N1.99 trillion, down from N2.68 trillion ...
CBN Revalidating $2.4bn Forex Claims, Says Governor Cardoso
The Central Bank of Nigeria (CBN) has initiated a re-validation process to verify foreign exchange (FX) claims worth $2.4 billion ...
World Bank Praises CBN Governor Cardoso’s Reforms, Says Nigeria on the Right Path
The World Bank has commended the efforts of Central Bank of Nigeria (CBN) Governor Yemi Cardoso, highlighting that his monetary ...
DSS Accuses CBN Staff of Aiding in Theft of Anchor Borrowers’ Funds
The Department of State Services (DSS) has implicated several Central Bank of Nigeria (CBN) employees in the alleged misappropriation of ...
Credit to Government Surges by N11 Trillion in August as Private Sector Reduces Debt
Credit to the Nigerian government surged by over N11 trillion in August 2024, according to the Central Bank of Nigeria's ...
Government Borrowing Rises by N11.33tn in August — CBN Report
The Central Bank of Nigeria (CBN) has revealed that credit to the Federal Government surged by N11.33 trillion, marking a ...
CBN Approves Additional $20,000 for Each BDC at N1,590/$1, Limits Profit Margins
In a bid to stabilize the Nigerian foreign exchange market and meet the rising demand for foreign currencies, the Central ...
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