CBN’s 27.25% new interest rate detrimental to investment, economic growth — Experts
"Our competitiveness in the national, continental and global business will be further challenged as Made-in-Nigeria products will be naturally more expensive than before"
CBN targets $1trn economy by 2030
*Tells Senate better days ahead ABUJA-THEGovernor of Central Bank of Nigeria, CBN Olayemi Cardoso has assured Nigerians of better days ahead, just as he declared that the planned stability will make Nigeria hit $1trillion economy latest by 2030. Cardoso outlined the CBN’s mandate and provided an in-depth analysis of Nigeria’s economic performance, recent policy measures, […]
CBN sells $106.5m to authorised dealers in 2 days
The Central Bank of Nigeria (CBN) has stepped up its interventions in the foreign exchange market with a view to ensuring the stability of the naira exchange rate.
Transfer funds in dormant account to us, CBN directs banks
It added, “Eligible accounts are dormant account balances that have remained with the FIs for a period of ten (10) years and beyond.
CBN sells $122.67m to 46 authorised dealers
The Central Bank of Nigeria (CBN) said it has sold $122.671 million dollars to to 46 authorised dealers in its determination to promote stability and reduce market volatility in the foreign exchange market.
CBN’s Cardoso blames high interest rates on ₦27trn FG lending
Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, attributed the rising high interest rates to the excessive ₦27 trillion loan…
