CBN to resume offer rates quotation for FX futures Monday
The Central Bank of Nigeria will resume the quotation of offer rates for FX futures contracts on Monday, according to
Read more
CBN
CBN expected to raise interest rate to 18.25% next week: FDC
The Central Bank of Nigeria is expected to continue its interest rate-hike cycle next week as inflation jumped again in
Read more
CBN orders banks to pay new naira notes over the counter
The Central Bank of Nigeria (CBN) has directed deposit money banks to commence the payment of the redesigned naira notes
Read more
Old naira: 10-day extension “grossly inadequate”, says CPPE
The extension of the deadline for the expiration of old naira notes to February 10, 2023 is “grossly inadequate,” the
Read more
Naira devaluation inevitable in 2023: Top economist
The Nigerian currency is “misaligned from its true value”, and devaluation is inevitable next year, Bismarck Rewane, a top economist
Read more
World Bank urges CBN to rethink FX repatriation rebate
The World Bank has urged the Central Bank of Nigeria to reconsider its rebate scheme aimed at encouraging the repatriation
Read more
The best way Nigeria can manage its exchange rate.
By Bode Agusto There is a lot of concern in Nigeria today about the rate at which the Nigerian Naira
Read more
FG borrows N2.45tn from CBN in half-year, owes nearly N20tn
The Federal Government borrowed N2.46 trillion from the Central Bank of Nigeria in the first half of this year as
Read more
Manufacturers want CBN to sweeten pill of rate hikes
Manufacturers are hopeful that the Central Bank of Nigeria will relax what they described as “stringent conditionalities” for accessing available
Read more
More businesses will die in Nigeria, manufacturers warn
The inflation-induced increase in the monetary policy rate will lead to a further squeeze on businesses’ profits and heighten the
Read more