CBN

CBN maintains interest rate at 27.5%
BusinessFinance

CBN maintains interest rate at 27.5%

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR), which benchmarks interest rates in the country, at 27.5 percent. Olayemi…

Nigeria recorded $6.83bn Balance of Payments surplus in 2024

Nigeria recorded $6.83bn Balance of Payments surplus in 2024

Naira closes at 1,309/$ as banks sell $2.5bn

Naira closes at 1,309/$ as banks sell $2.5bn

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NewsOpinion

Buhari’s signature forged to withdraw $6m, court hears

Opinion

Cardoso, CBN and the Nigerian economy – By Reuben Abati 

Northern group condemns relocation of FAAN headquarters to Lagos
NewsOpinion

Northern group condemns relocation of FAAN headquarters to Lagos

Court grants Emefiele's request to travel out
NewsOpinion

Court grants Emefiele’s request to travel out

NewsOpinion

Emefiele stole billions, illegally kept Nigeria’s funds in foreign banks – Investigator

The Central Bank of Nigeria (CBN) has floated the country’s exchange rate, and allowed commercial banks to freely trade foreign exchange at any rate. The naira is currently exchanging between N750 and N755 to the dollar at import and export (I&E) window The development is coming after the sack of former CBN Governor Godwin Emefiele who dictated rates at which the dollar is sold at the three different FX windows held by the country. President Bola Tinubu had promised a holistic FX reform that includes harmonizing exchange rates in other to woo investors into the country. Details shortly.
NewsOpinion

CBN floats exchange rate, permits banks to sell dollars at any rate

Relief as banks raise cash withdrawal limits to reduce queues
NewsOpinion

Relief as banks raise cash withdrawal limits to reduce queues

We've received more cash from CBN, loaded ATMs - Banks
NewsOpinion

We’ve received more cash from CBN, loaded ATMs – Banks

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