Tag: CBN
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Foreign portfolio outflows soar by 237% in Q1 2024 as CBN changes
Foreign portfolio investment (FPI) outflows increased by 237% in the first quarter of 2024 compared to the same time in 2023.
Data on foreign portfolio...
CBN announces a rate halt following its third consecutive increase to 26.25%
Following its third consecutive interest rate hike on Tuesday, the Central Bank of Nigeria (CBN) hinted that it would soon pull back on its...
Labour Rejects FG N54,000 Offer, Retired Police Officers Protest Unpaid Pensions – Trending Today
Hello and welcome! In today's trending news stories;
1. The Organized Labour has rejected the government's N54,000 offer. Labour leaders criticized the absence of state...
CBN orders banks to cease charging 0.5% for cybersecurity
Banks and other financial institutions have been instructed by the Central Bank of Nigeria (CBN) to cease imposing a 0.5 percent cybersecurity fee on...
MPC sees increasing interest rates in order to control inflation
Some analysts have projected that to contain growing inflation, the Monetary Policy Committee (MPC) may increase the cost of credit to the economy (interest...
