In response to mounting inflationary pressures, the Central Bank of Nigeria (CBN) has, for the second time in two months, deferred the Monetary Policy Committee (MPC) meeting, a critical forum ...
The Central Bank of Nigeria (CBN) has indicated that prevailing inflationary pressures will likely persist in the near term, as outlined in its second-quarter economic outlook report. The bank cited ...
The Central Bank of Nigeria said that its monetary policy reforms are beginning to have positive effects on the country’s economy. Reacting to the just-released inflation rate for October in ...
The Central Bank of Nigeria has said its monetary policy reforms have started reflecting positively on the country’s economy. The apex bank’s Director, Corporate Communications Department, Isa AbdulMumin, said this ...
The Central Bank of Nigeria has announced its intention to extend the validity of the old N200, N500, and N1,000 noted indefinitely. This is as the apex bank declared its ...
The Central Bank of Nigeria (CBN) has made a significant announcement, extending the legal tender status of old N200, N500, and N1000 notes from the initial deadline of December 31, ...
Federal Government owned power firm, the Niger Delta Power Holding Company has said that the Central Bank of Nigeria, the Nigerian Bulk Electricity Trading Plc, and the Nigerian Electricity Liability ...
A report by the Economist Intelligence Unit on Friday questioned the financial capacity of the central bank to clear $6 billion forex backlogs owed to banks, noting that CBN “lacks ...
According to a report by the Economist Intelligence Unit (EIU), Nigeria's official exchange rate is expected to weaken to N1,068.3/$ by 2025. The report highlighted the widening gap between the ...
Every banknote remains legal tender and should not be rejected by anyone, the Central Bank of Nigeria has disclosed. This is as the apex bank directed all its branches across ...
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