BREAKING: CBN To Raise Interest Rate To 17.5%
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 100 basis points to 17.5 per...
Tag : CBN
Central Bank Of Nigeria Begins Grassroot eNaira Adoption With 7,740 Agent Points
The Central Bank of Nigeria (CBN) has begun an inclusive campaign for grassroot adoption of its digital currency, eNaira. The bank engaged some commercial drivers...
Just In: CBN Recovers N3.7trn Intervention Funds
Recipients of different Central Bank of Nigeria (CBN) intercession plans have re-paid a sum of N3.7 trillion out of the N9. 3 trillion dispensed over...
CBN ENDS COVID-CONNECTED RELIEF ON FUNDS, TAKES LOAN COST BACK TO 9%
The Central Bank of Nigeria says it has changed financing costs on the entirety of its appropriate intercession offices from five percent for each annum...
Nigerians to access eNaira through USSD – CBN
The Central Bank of Nigeria Governor, Godwin Emefiele. Has disclosed that from next week, Nigerians would be able to transact on eNaira wallet. Through the...
Pressure on investors to sell stocks with the CBN rate hike
The Nigerian stock market investors have started reducing their equity exposure as they gradually shift to higher-yielding risk-free assets. Investors began considering sales of low-risk...
Amidst Rising Reserve, Scarcity Of Dollar propagates Naira’s Fall
The Nigerian foreign exchange reserves records a gain, as it rose from $38.60 billion at the end of May to $39.22 billion at the end...
Investors in Nigerian stocks eye high profits ahead H1 earnings season
Nigerian stock investors who are gearing for high yields in the second half (H2) of the year are anticipating for listed companies’ half-year earnings to...
MPC commence a retreat ahead of Monetary Policy Decision on Monday.
In preparation for the Monetary Policy Committee (MPC) meeting on Monday and Tuesday the Central Bank of Nigeria (CBN) and the MPC members have embarked...
Fear of further Depreciation of Naira, no immediate solution in sight – Analysts warns
The Nigerian Naira continues to depreciate further with no immediate solution after all the foreign exchange measures introduced by the monetary authority failed to help,...