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Tag: #CBN

Business Economy headline

SERAP ask CBN to account for missing N100bn dirty notes

Iheanyi Ejiofor July 28, 2024 No Comments #CBN#Dirty notes#SERAP

Our reporter/ The Socio-Economic Rights and Accountability Project (SERAP) on Sunday challenged the Central Bank of Nigeria (CBN) to account for “over N100 billion ‘dirty and bad notes’ and ‘other…

Read More SERAP ask CBN to account for missing N100bn dirty notes
Business Economy headline

CBN sells another $148m to authorised dealers

Iheanyi Ejiofor July 28, 2024 No Comments #authorised dealers#CBNforex

Our reporter/ The Central Bank of Nigeria has sold a cumulative amount of $148m to authorised dealers in the Nigerian Foreign Exchange Market (NFEM), to provide liquidity to the foreign…

Read More CBN sells another $148m to authorised dealers
Business Economy headline

CBN raises interest rate to 26.75%

Iheanyi Ejiofor July 23, 2024 No Comments #Cardoso#CBN#inflation#interest rate#soaring prices

Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring…

Read More CBN raises interest rate to 26.75%
Business Economy headline

Nigeria’s external reserves to reduce slightly in 2024 – CBN

Iheanyi Ejiofor July 19, 2024 No Comments #CBN#external reserve

Our reporter/ The Central Bank of Nigeria (CBN) has projected that Nigeria’s external reserves could reduce slightly in 2024. This was disclosed in the recently released maiden edition of its…

Read More Nigeria’s external reserves to reduce slightly in 2024 – CBN
Business Economy headline

Dangote faults CBN’s 26% interest rate

Iheanyi Ejiofor July 2, 2024 No Comments #CBN#Dangote#interest rate#Man#Monetary policy

Our reporter/ Chairman and Chief Executive of the Dangote Group, Aliko Dangote, on Tuesday criticised the latest increment of interest rate to almost 30 per cent by the Central Bank…

Read More Dangote faults CBN’s 26% interest rate

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