The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 14 percent to 15.5 percent, the...
Aggregate foreign exchange inflow into the country fell by 17.3 per cent to $5.42 billion in May, according to figures obtained from the Central Bank of...
In order to attract more investors, especially at a period inflationary pressures in the country are making most investment tools unattractive, the Central Bank of Nigeria...
Nigeria’s foreign reserves sustained its ascent as it grew by $68.23 million week-on-week to settle at $39.02 billion. However, the rise in the reserves could not...
The Nigerian banking sector fast expanding in assets as banks in the country grew their total assets by N11.8 trillion to hit N65.48 trillion in 2021....
The Central Bank of Nigeria (CBN) has launched the *997# USSD code in Kano to reduce the use of cash in commercial activities. In the event...
By FBNQuest Analysts According to the CBN’s latest Quarterly Statistical Bulletin (QSB) total fx inflow into the Nigerian economy declined by -11% q/q to USD18.4bn in...
The Central Bank of Nigeria (CBN) has commended Remita, Nigeria’s leading fintech platform, for pioneering the usage of eNaira for payment transactions. The Remita eNaira initiative...
The Central Bank of Nigeria (CBN) has threatened to arrest Nigerians who withdraw naira denominations from their bank accounts, use same to buy dollars and then...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday again raised the Monetary Policy Rate from 13 per cent to 14...
