Tag: central bank of Nigeria
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Naira Slides as Reserves Dip and BDC Recapitalization Deadline Nears
On Monday, the Nigerian naira opened the week on a sour note in the official foreign exchange market with an opening rate sliding to...
CBN Debunks Fake Report on N5,000 and N10,000 Banknotes
The Central Bank of Nigeria (CBN) has dismissed claims that it plans to introduce new N5,000 and N10,000 banknotes, labeling the circulating report as...
Nigerians Sent N2 Trillion Via USSD Codes In Six Months – CBN
The Central Bank of Nigeria has reported that in just six months, Nigerians have used Unstructured Supplementary Service Data (USSD) codes to send N2.19...
CBN Maintains Tight Policy Stance Amid Soaring Food And Fuel Prices
To control intractable inflation, the Central Bank of Nigeria (CBN) raised interest rates by 25 basis points on Tuesday, continuing its hawkish approach.
Because of...
Net Foreign Exchange Inflow Increases By 67% To $27.6 Billion
Net foreign exchange inflows increased from $16.44 billion in 2023 to $27.6 billion in the first half of 2024, a 67.8% increase.
This occurred due...
