As Nigeria grapples with a staggering inflation rate of 33.2% in March, the recent directive from the Central Bank of Nigeria (CBN) regarding a cybersecurity levy...
Nigeria’s credit to the private sector has seen a sharp decline of approximately N9.65 trillion from February to March 2024. This decline underlines the Central Bank...
The global credit ratings agency, Fitch, has estimated that approximately 30% of Nigeria’s external reserves are constituted by foreign exchange (FX) bank swaps. This disclosure underscores ongoing...
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has said that government purchases of palliatives are a contributing factor to rising food prices in...
The Nigerian economy’s heavy reliance on oil revenues has made it particularly vulnerable to international market dynamics, leading to currency depreciation and a disparity between official...
The Central Bank of Nigeria (CBN) has issued a directive to four fintech companies, instructing them to temporarily stop onboarding new customers until further notice. The...
File photo The Central Bank of Nigeria (CBN) has issued a warning to bank customers, urging them to avoid using foreign currency as collateral when applying...
The Central Bank of Nigeria (CBN) has slashed the exchange rate used to calculate import duties. The rate was slashed by 5.3%, Naija News understands. The...