Prices 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 …
CBN
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MONEY MARKETNEWS & PUBLIC ECONOMY
JUST IN: Nigeria raises interest rate to 22.75%
by The Economyby The EconomyAs 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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The 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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CBN 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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The 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
The 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
Detained 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 …
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The Central Bank of Nigeria (CBN) has alerted commercial banks about fake naira notes amounting to a whopping sum of $1 billion (about N925 billion) coming into Nigeria from abroad. …
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NEWS & PUBLIC ECONOMYOIL & GAS
LCCI seeks more transparency in NNPCL, CBN, calls for urgent reorganisationÂ
The Lagos Chamber of Commerce and Industry (LCCI) has called for urgent reorganisation and improved transparency in the Nigerian National Petroleum Company Limited (NNPCL) and the Central Bank of Nigeria …