As Nigerians are baffled over the recent hike of interest rate from 26.25% to 26.75% by the Central Bank of Nigeria (CBN), the Manufacturers Association of Nigeria (MAN) and frontline…
CBN
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SHIPPING & TRADE
Unstable Customs tariffs cripple import business, vehicle imports down by 55% –Farinto
by Samson Echenim 3 minutes readUnstable rates for Customs duties payments usually set by the Central Bank of Nigeria (CBN) has taken a toll on importation business and has more than halved vehicle importation in…
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CUSTOMSSHIPPING & TRADE
Prices to go up again as CBN raises import tariff
by Azeez Bukiby Azeez Buki 2 minutes readPrices of goods are set to go up again following an increase of import duty benchmark for the Customs Service by the Central Bank of Nigeria (CBN). The Central Bank…
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MONEY MARKETNEWS & PUBLIC ECONOMY
JUST IN: Nigeria raises interest rate to 22.75%
by The Economyby The Economy 1 minutes readAs part of effortes to check current hyper inflation in the country, the Central Bank of Nigeria today raised interest rates in West Africa’s biggest country. The CBN raised its…
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MONEY MARKETNEWS & PUBLIC ECONOMY
BREAKING: CBN to sell dollars to BDCs at N1,301/$
by Samson Echenim 2 minutes readThe Central Bank of Nigeria on Tueaday announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change (BDC) operator across the country. This follows the…
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MONEY MARKETNEWS & PUBLIC ECONOMY
$2.4bn FX backlog claims fraudulent, invalid — CBN Gov
by Samson Echenim 2 minutes readCBN uncovers $2.4bn fraudulent FX backlog claimsA massive sum of $2.4 billion out of Nigeria’s controversial foreign exchange backlogs has been found to be fraudulent and invalid for settlement. Governor…
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MONEY MARKETNEWS & PUBLIC ECONOMY
Why FG wants commercial banks recapitalised — CBN Gov
by Samson Echenim 3 minutes readThe Governor of Central Bank (CBN), Dr Olayemi Cardoso at a conference of bankers on Friday revealed plans by the Federal Government to embark on another recapilasation of all commercial…
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AVIATION TRAVELS & HOSPITALITYMONEY MARKETNEWS & PUBLIC ECONOMY
CBN begins clearing of $10bn forex backlogs for airlines, others
by Samson Echenim 2 minutes readThe Central Bank of Nigeria (CBN) may have begun to clear over the $10 billion foreign exchange backlogs of airline operators, commercial banks and other foreign owned businesses operating in…
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Embattled ex-governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has been released from the custody of the Department of State Services (DSS) and picked up by the Economic and…
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NEWS & PUBLIC ECONOMY
Nigerians react as Emefiele reportedly secures freedom with N50bn plea bargain
by Samson Echenim 3 minutes readDetained former Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele may soon be released from the Department of State Services (DSS) detention after the Arthoney-General of the Federation…