There’ll be ups and downs, but we’re working to stabilise naira — CBN
“Again, to be honest, I think we should expect that there will be increases here and there, ups and downs and even from what you’ve reported yesterday, from what I gather, the naira has begun strengthening overnight."
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.
Tinubu writes Senate, seeks confirmation of 5 directors of CBN board
President Bola Tinubu has written the Senate, seeking the screening and subsequent confirmation of five persons appointed as directors of the board of the Central Bank of Nigeria (CBN).
