Naira Weakens Against Dollar Following 5-Day Rally as CBN Addresses Cash Scarcity
After enjoying a five-day surge, the Nigerian naira faced a setback on Thursday, December 21, 2023, depreciating against the US ...
Tag: CBN
CBN Predicts Inflation and Exchange Rate Relief in 2024
The Central Bank of Nigeria (CBN) has forecasted a decrease in the country's inflation rate and a reduction in exchange ...
CBN Halts Submission of New Loan Requests for Intervention Programs
In a significant policy shift, the Central Bank of Nigeria (CBN) has announced the suspension of new loan applications for ...
CBN Debunks Reports of Banks Failing Capital Adequacy Ratio Stress Test
The Central Bank of Nigeria (CBN) has categorically refuted media reports claiming that certain banks failed the Capital Adequacy Ratio ...
CBN Suspends Access Bank, Zenith, UBA, and Others From Issuing New Loans.
The Central Bank of Nigeria (CBN) has mandated commercial banks, including Access Bank, Zenith, UBA, and others, to take charge ...
Central Bank of Nigeria Extends Timelines for Letters of Credit
In response to ongoing challenges posed by foreign exchange scarcity, the Central Bank of Nigeria (CBN) has announced an extension ...
CBN Issues New Directive to Banks Following Supreme Court Ruling on Old Naira Notes
In response to the recent Supreme Court ruling validating the use of old N200, N500, and N1,000 notes, the Central ...
Naira Scarcity Grips Nigeria Despite Central Bank’s Assurances
In a surprising turn of events, reports of a scarcity of the Nigerian currency, the naira, have surfaced across the ...
CBN Anticipates Continued Inflationary Pressures in the Near Future
The Central Bank of Nigeria (CBN) has released its second-quarter economic outlook, shedding light on the prevailing economic conditions and ...
CBN Hails Inflation Data, Citing Improvement in Result of Reforms
In a recent announcement, the Central Bank of Nigeria (CBN) has revealed that its monetary policy reforms are beginning to ...
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