Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday announced the approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and the Providus…
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Tag: #CBN
SERAP ask CBN to account for missing N100bn dirty notes
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
CBN sells another $148m to authorised dealers
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
CBN raises interest rate to 26.75%
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%
Nigeria’s external reserves to reduce slightly in 2024 – CBN
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