POS Transactions Drop by N225.73bn in Q1 2024 as Cash Outside Banks Increase
Point-of-Sale (POS) transaction values witnessed a downturn in Nigeria for the first quarter of 2024, registering a N225.73 billion drop ...
Tag: Central Bank of Nigeria (CBN)
FG Targeting Reduction in Interest Rate to Attract Investments, Grow Economy- Edun
The federal government is looking towards a reduced interest rate to attract investments and grow the economy according to the ...
CBN Raises Interest Rate to 22.75%
The Central Bank of Nigeria (CBN) on Tuesday raised the interest rate to 22.75 per cent amid soaring inflation. The ...
CBN Implements Stricter Measures for Foreign Currency Transactions
… Plans $10,000, $5,000 Per Year Limit on Foreign School fees, Medical expenses from BDCs The Central Bank of Nigeria ...
Cardoso Calls for Moderation in Demand for Forex
The Central Bank of Nigeria, (CBN), Olayemi Cardoso has implored Nigerians to cut down on their demand for forex. “We ...
Nigeria’s Inflation Rate Will Reduce to 21% in 2024 – CBN Governor, Cardoso
Amid the rising prices of foodstuff and other commodities in the market, the Governor of the Central Bank of Nigeria ...
Foreign Investors Showing Renewed Interest in Nigerian Market – Cardoso
In a development signaling positive momentum for Nigeria’s economic landscape, the Governor of the Central Bank of Nigeria (CBN), Yemi ...
$2.4 Billion FX Backlog Not Valid – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that about $2.4 billion foreign exchange backlog ...
CBN Approves 43% Increase in Import Duty Rate, Raising Concerns over Economic Impact
The Central Bank of Nigeria, CBN, has approved an increase in the import duty rate by 43 percent. Recall that ...
Foreign Airlines Applaud CBN Over Clearance of Trapped Funds
Foreign Airlines operating in the country have applauded the Central Bank of Nigeria (CBN) on the clearance of the backlog ...
