Economic challenges, CBN and reconstruction policies
The challenges of the economy are diverse and demand critical and surgical interventions for reconstruction, reformation and redirection.
I, my team not responsible for Nigeria’s economic woes — Cardoso
“I laugh at that question but it’s not a laughing matter and I think it is very important for Nigerians to understand that the Central Bank Governor — I and my team — are not responsible for the woes that we have today; we are part of the solution.”
CBN raises interest rate to 22.75%
The Central Bank of Nigeria has raised the monetary policy rate (MPR) by 400 basis points to a record 22.75%.
Court orders CBN to pay German ₦63.7m, $10,000 for illegal detention
The ECOWAS Court on March 4, 2021, entered judgment in Gegenheimer’s favour, declaring his arrest and detention illegal.
Breaking: Again, CBN raises Customs duty rate to N1,605.82 per dollar
The rate, which has already been reflected on the Customs portal today, February 21st, 2024, has further dampened the hope of the despondent customs brokers and their importers that the Apex bank has finally eased its foot on the pedal.
Inflation: CBN increases Price Verification System limit from 2.5% to 15%,
The Central Bank of Nigeria (CBN) has announced an upward review of the Price Verification System (PVS) from 2.5 per cent to 15 per cent.
