Central Bank of Nigeria Introduces Forex Price Verification System to Streamline Imports
In a move aimed at enhancing transparency and efficiency in the foreign exchange landscape, the Central Bank of Nigeria (CBN) ...
Tag: Central Bank of Nigeria
Central Bank of Nigeria Reveals Audited Accounts: Records N103.8 Billion Profit in 2022
The Central Bank of Nigeria (CBN) has, at last, unveiled its long-anticipated audited accounts spanning seven years. The recently disclosed ...
70% grant and 30% loan; Agricultural Associations Call for Smooth Disbursement of N100 Billion Agriculture Fund
The National Agricultural Commodities Projects (NACP) and the Strategic Alliance of Presidents of Agricultural Commodity Associations of Nigeria (SAPACAN) have ...
Nigeria to Return to Controlled Exchange Rate System Slide: Economist Intelligence Unit Predicts
The Economist Intelligence Unit (EIU), renowned for its global business intelligence and market insights, has foreseen a crucial shift in ...
Central Bank of Nigeria Raises Interest Rate to 18.75%, the Highest in 22 Years
In response to the surging inflation rate in Nigeria, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria ...
Bank Verification Numbers (BVNs) Surpass 57.96 Million, CBN Plans to Close Non-BVN Accounts
The total number of issued Bank Verification Numbers (BVNs) has reached 57.96 million as of July 3, 2023, based on ...
Nigerian Naira Hits Record Lows: Naira Weakens to N788/$1 at I&E, N802/$1 at Black Market, N801/$1 at P2P
Amid a fresh scarcity of foreign exchange (forex), the Nigerian Naira plummeted to an all-time low in the Investors and ...
House of Rep Urges CBN to Suspend Implementation of Social Media KYC Requirement
The House of Representatives has called on the Central Bank of Nigeria (CBN) to suspend the implementation of its directive ...
CPPE Urges Tinubu Administration to Lower Import Duty and Boost Economic Recovery
In a call to action aimed at the Tinubu administration, the Center for the Promotion of Private Enterprise (CPPE) has ...
Nigerian Banks Experience Significant Asset Growth and Increased Industry Credit, Boosting Financial Stability for MSMEs – CBN
In an encouraging development for Nigeria's Micro, Small, and Medium Enterprises (MSMEs), Nigerian banks have witnessed a remarkable surge in ...
