Tag: CBN
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Importers lament uncertainty as import duty FX rate increases to N1,560.5/$
The currency rate used by Customs to determine tariffs at seaports was lowered to N1,544.511/$, but it was reviewed upward to N1,560.511/$ after just...
CBN’s 22.75% interest rate hike raises concerns about growing non-performing loans – Experts
Concerns have been raised by several financial experts about the Central Bank of Nigeria's (CBN) aggressive monetary policy approach, which has resulted in another...
Foreign investors remain cautious as Cardoso bids for hot money inflows
According to data released by the Nigerian Exchange (NGX), foreign involvement in the Nigerian equity market fell to 8.15% in January 2024, down from...
Senate establishes committee to look into N30 trillion ways and means loan
An investigation into the methods and means of providing a N30 trillion loan, interest included, to the federal government has been initiated by the...
CBN promises to recoup nearly N10 trillion in intervention loan
The Central Bank of Nigeria (CBN), which continues to stand by its previous position of withdrawing direct development funding, has pledged to retrieve all...
