Senator Ned Nwoko, representing Delta North, has cautioned the Federal Government and the Central Bank of Nigeria (CBN) against implementing measures that artificially manipulate the value of the Naira against…
Central Bank of Nigeria (CBN
Food Inflation ; Minister of Finance, Wale Edun, expresses optimism, says federal government’s Revenue Up, Economy In Right Direction
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Nigerian economy is moving in the right direction as policies of the new administration have started…
Fear Grips Central Bank Staff Amid Ongoing Sackings Under New Governor
Central Bank of Nigeria (CBN) employees have expressed deep concern and fear following a wave of terminations since the appointment of Dr. Olayemi Cardoso as Governor. Speaking anonymously, CBN staff…
Central Bank of Nigeria Increases Interest Rate to 24.75%
The Central Bank of Nigeria (CBN) has announced a significant increase in the Monetary Policy Rate (MPR), raising it from 22.75 percent to 24.75 percent. The Monetary Policy Rate, which…
Naira Appreciates To N1,382/$ After $7bn FX Settlement
The local currency continued on a recovery note on Thursday with naira appreciating significantly against the dollar on the strength of recent interventions by the Central Bank of Nigeria (CBN).…
Customs Foreign Exchange Duty Rate Records 1.2 Percent Decline As Naira Strengthens
The foreign exchange rate for computing import duties by the Nigeria Customs Service has recorded a further decline following the appreciation and stability of the naira at the official FX…