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Tag: CBN
Customs Generates N1.34tr, Seizes N10.59bn Goods In Q1 2024
The Nigeria Customs Service (NCS) said on Wednesday that it generated a total of N1.34 trillion revenue into the Federal Government coffers in the first quarter (Q1) of this year.…
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Naira sells below 1,280/$ at official, parallel markets
The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last week Thursday. This indicates an increase…
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Naira appreciates further to N1382 per dollar as presidency warns speculators
The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. This came as Presidency warned currency speculators to…
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CBN Supplies N100bn Worth of Fertilizers to Boost Food Production
The Central Bank of Nigeria has handed over N100bn worth of fertilizers to the Federal Ministry of Agriculture and Food Security to boost food production across the country. CBN Governor,…
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Over $300m Sold To Banks By CBN As Naira Gains
The Central Bank of Nigeria has given over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilize the naira-dollar exchange rate. The…
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How Emefiele Approved Payment of $6,230,000 for International Election Observers – Witness
The First Prosecution Witness, PW1, in the ongoing trial of former governor of Central Bank of Nigeria, CBN, Godwin Emefiele, Ogau Onyeka Michael, on Monday, February 12, 2024, told Justice…
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CBN To Banks: Notify Customers Before Debt Recovery Moves
The Central Bank of Nigeria has instructed regulated entities to provide customers with notices of outstanding obligations before beginning debt collection. This is to ensure that the debt recovery process…
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NANS To FG: Empower CBN To Act Autonomously
The National Association of Nigerian Students has urged the Federal Government to allow the Central Bank of Nigeria to act autonomously. The association decried the economic challenges facing the country,…
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Lawmakers Grill CBN Governor, Cardoso Over Free Fall of Naira (Video)
The Central Bank of Nigeria Governor, CBN, Yemi Cardoso has blamed the free fall of naira on the growing number of Nigerians studying abroad. He said this when he faced…
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Experts Identify How The Naira Can Be Resuscitated
Worried by the parlous state of the economy, especially the unprecedented fall in the value of the nation’s legal tender in recent times, a cross section of experts have suggested…
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