In a move aimed at enhancing Nigeria’s refining capacity and reducing reliance on foreign exchange, the Federal Government has announced Read more…
Tag: Central Bank of Nigeria
The announcement by the Federal Government of Nigeria that its revenue has exceeded budgetary targets is undoubtedly a positive development. Read more…
The Central Bank of Nigeria’s (CBN) recent forecast of a decline in external reserves for 2024 has sparked discussions among Read more…
The Central Bank of Nigeria (CBN) has revealed a significant increase in foreign exchange (FX) market activity. According to data Read more…
The Central Bank of Nigeria (CBN) has announced a significant increase in credit extended by Nigerian banks to the private Read more…
Nigeria’s inflation rate climbed to a staggering 34.19% in June 2024, according to the latest Consumer Price Index (CPI) report Read more…
Nigeria’s foreign reserves have climbed above the $35 billion mark for the first time since early in the current administration, Read more…
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has hinted at a possible slowdown in the bank’s aggressive interest Read more…
The Central Bank of Nigeria’s (CBN) decision to discontinue its Price Verification System (PVS) portal for importers, effective July 1st, Read more…
In a sign of deepening economic hardship, Nigerians have borrowed heavily in recent months, with total consumer credit/debt reaching N3.82 Read more…
