CBN - Central Bank Of Nigeria
CBN governor gives reasons for increasing ATM transaction charges
The CBN governor has defended the recent hike in ATM transaction fees, explaining that it is in the interest of the customers. He explained how it would improve...
CBN releases new data on money supply in Nigeria, defends ATM new charges from March 1
The Central Bank of Nigeria has provided a statistical breakdown of the country's money supply, highlighting how government borrowing is driving the sharp increase.
“Interests of consumers”: Airtel CEO finally reacts to approved increase in call, data tariff
The CEO of Airtel Nigeria defended the 50% increase in telephone prices, saying it is an essential action to protect customer and ensure the survival and growth.
AFDB speaks on solutions as Nigeria, others lose $1.6bn daily to illegal forex
According to the AFDB, Africa loses more than $1.6bn daily due to illicit money transfers and profit shifting by international companies operating in the continent.
Dollar crashes again: Official, black market exchange rates now equal
For the first time since 2023, the official and unofficial foreign exchange rates are at par, giving credence to the CBN's recent policies to stabilize the market.
CBN retains interest rates at 27.5%, Nigerian banks release savings rates
The Central Bank of Nigeria, Monetary Policy Committee (MPC) has decided to retain the Policy Rate (MPR) which means that banks' lending rate will not change.
Corporate taxes, others push Nigeria’s non-oil revenue to N1.9trn, 53% higher than target
In an interesting development, Nigeria's non-oil revenues have surpassed the growth target set, hitting N1.9 trillion. This means non-oil revenues now account for...
Experts react as CBN tells bank directors to step down over non-performing loans
the directive by CBN requireing bank directors who had non-performing insider-related debts to quit their jobs right once has drawn reaction from experts.
Dollar falls in all markets as naira trades at new Rate, experts task FG to take action
The naira experienced an improved performance against the US dollar in all foreign exchange markets on Wednesday, February 19, 2025 compared to the previous day.
CBN - Central Bank Of Nigeria
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