The Central Bank of Nigeria (CBN) has lifted its suspension on banks borrowing from its Standing Lending Facility (SLF), setting the lending rate at 31.75 percent…
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The push to maintain physical cash has led to the innovative use of polymer as a long-lasting, secure, and eco-friendly alternative for making banknotes. The first…
The Central Bank of Nigeria authorised the Providus-Unity Bank of Nigeria on August 6, 2024. The day after, the apex bank approved a bailout loan of…
The Central Bank of Nigeria (CBN) announced that it sold $876.26 million to end users through 26 successful banks at a cut-off rate of N1,495 per…
The Central Bank of Nigeria (CBN) has announced plans to introduce a Retail Dutch Auction System to mitigate foreign exchange fluctuations in the country’s forex market.This…
The Central Bank of Nigeria has increased the import duty exchange rate to N1618.73 due to foreign exchange fluctuations. According to the Nigeria trade hub, the…
Recent data from the Central Bank of Nigeria (CBN) reveal that it plans to auction N216.09 billion worth of treasury bills on Thursday, August 8, 2024.…
The Senate has announced plans to summon the Central Bank of Nigeria (CBN), Nigeria Port Authority (NPA), Nigerian National Petroleum Company Limited (NNPCL), Dangote Group, and…
The Central Bank of Nigeria (CBN) has again hiked the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75%…
The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible Bureau de Change (BDC) operators at a rate of 1,450…