Tag: CBN

Rumours that the N200, N500, and N1,000 banknotes will no longer be accepted as legal money by December 31, 2024, have been debunked by the Central Bank of Nigeria (CBN), ...

Mr Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has stated that the apex bank is unable to reduce interest rates as seen in many other countries due ...

The House of Representatives has called on the Central Bank of Nigeria (CBN) to begin the gradual withdrawal of the old ₦200, ₦500, and ₦1,000 notes ahead of the December ...

The International Monetary Fund (IMF) has noted signs of stability in Nigeria's local currency, the naira, attributing this progress to interest rate hikes and the Central Bank of Nigeria's (CBN) ...

As of today, 18th October 2024, the exchange rate for the U.S. dollar to the Nigerian naira in the black market, also known as the parallel market, continues to fluctuate. ...

Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, has clarified that the CBN does not set the foreign exchange (FX) rate, emphasizing that the rate is determined by underlying ...

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has stated that the recent sharp decline in the value of the naira presents a significant opportunity for Nigeria ...

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has underscored the necessity of a stronger partnership between fiscal authorities and the Central Bank of Nigeria ...

The Central Bank of Nigeria (CBN) has reassured Nigerians of the safety of their bank deposits, emphasizing that comprehensive policies are in place to secure funds across all financial institutions ...

The Central Bank of Nigeria (CBN) has been urged to steer its monetary policy in a way that better supports Nigeria's real economy, including sectors like manufacturing and agriculture. Dr. ...