Our reporter/ The Central Bank of Nigeria on Wednesday allocated N100bn and 2.15 million bags of fertilisers to the Ministry of Agriculture, to cushion the effects of high prices of…
Read More CBN allocates N100bn, two million bags of fertilisers to ministry of Agriculture
-CBN’s data indicates that overseas remittances rose to $1.3 billion in February, more than four times the $300 million received in January. The Central Bank of Nigeria has reported a…
Read More CBN says forex inflow as remittances quadrupled to $1.3 billion in February
Our reporter/ The Central Bank of Nigeria (CBN) has reduced Customs FX duty rate by 5.3% to N1,544.081/$ due to stable naira-to-dollar exchange. This marks an N86.078 decrease from the…
Read More CBN reduces Customs FX duty rate by 5.3% as naira stabilies
Our reporter/ The senate on Thursday confirmed four people as members of the board of directors of the Central Bank of Nigeria (CBN) after a nominee from the south-eastern region…
Read More South-east nominee rejects CBN board appointment as senate confirms four
A financial expert, Uche Uwaleke, says it is an “overkill’’ to increase the country’s Monetary Policy Rate (MPR) to 22.75 per cent from 18.75 per cent. Mr Uwaleke, a professor…
Read More CBN increasing MPR by 400 basis points is overkill; will hurt banks, real sector, experts warn
