CBN Concludes Sale Of N1trn Govt Securities, Says Investors Oversubscribed
March 4, 2024 The Central Bank of Nigeria (CBN) has concluded sale of government securities, issuing N1.053 Trillion (US$680 million) in short-term instruments as part of its liquidity management exercise,…
Extreme and continuous monetary tightening by CBN, are we on the right track?
By Segun Sanni The Buhari government did great damage to Nigeria’s economy for the excessive money it created and threw carelessly into the economy. We’re facing the extremely negative impact…
CBN revokes licences of 4,173 BDC operators
March 1, 2024 The Central Bank of Nigeria (CBN), has revoked the licenses of 4,173 Bureaux De Change Operators. The Apex bank announced this in a statement signed by Sidi…
Trouble as Minister, AGF deny knowledge of Remita revenue collection agreement
The Attorney-General of the Federation (AGF), Mr Lateef Fagbemi and Minister of Finance, Mr Wale Edun have denied knowledge of contract entered by the Central Bank of Nigeria (CBN) and…
CBN: Confronting Inflation And Other Challenges, By Arize Nwobu
In confronting inflation and other economic challenges, the Governor Central Bank of Nigeria (CBN), Olayemi Cardoso recently cleared the air and noted that the present CBN management was not responsible…
FX rates: Stop patronising parallel market, CBN only legal platform -Presidential aide urges Nigerians
Feb. 29, 2024 A presidential spokesperson Bayo Onanuga has urged Nigerians to stop patronising the parallel market for Forex rates, saying the website of the Central Bank of Nigeria is…
Binance: It’s sabotage, if we don’t stop it it’ll destroy our economy – Onanuga
February 29, 2024 Presidential spokesman, Bayo Onanuga, says if not stopped, cryptocurrency trading website Binance will destroy the Nigerian economy by arbitrarily fixing foreign exchange rate. “If we don’t clamp…
Tinubu wants more Nigerians employed by multinationals, launches EEL
President Bola Tinubu on Tuesday in Abuja launched the Expatriate Employment Levy (EEL) to facilitate home-grown skill retention and technology domestication. The move was also to balance employment opportunities between…
Inflation: CBN ups interest rate by 400 basis points to 22.75 %
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday increased the Monetary Policy Rate (MPR), also known as interest rate, Â by 400 basis points to…
CBN mandates forex sellers above $10,000 to declare sources
The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to declare their forex sources….