Tag:CBN

Business

I would have devalued Naira — Peter Obi

The candidate of the Labour Party in the February 2023 Presidential election, Peter Obi has stated he would have devalued the currency if he...

mediagem - October 2, 2023

Business

Fuel subsidy removal to push 7.1m Nigerians to poverty — World Bank

The World Bank has stated that Nigeria has one of the highest inflation rates, which pushed an estimated four million people into poverty between...

mediagem - June 28, 2023

Business

CBN, Bill Gates to collaborate on financial inclusion

The Central Bank of Nigeria (CBN), and the Bill and Melinda Gates Foundation (BMGF) have finalised arrangements for collaboration on financial inclusion. According to a...

mediagem - June 26, 2023

Business

Why CBN asked banks to obtain customers’ social handles

The Central Bank of Nigeria has mandated Financial Institutions to obtain the social media handle, e-mail addresses, telephone numbers, residential addresses, and more of...

mediagem - June 24, 2023

Business

Nigeria’s debt rises to N49.8trn — DMO

The Debt Management Office (DMO) has disclosed that Nigeria’s total public debt rose to $108.3bn (N49.8tr) as at March 21. The figure represents an increase...

mediagem - June 24, 2023

Business

Naira ends week on negative note

The Naira on Friday closed on a negative note as it exchanged for N770.17 against the dollar at the investors and exporters window. The naira...

mediagem - June 24, 2023

Business

CBN lifts restriction on Domiciliary Accounts, allows $10k withdrawals daily

The Central Bank of Nigeria, CBN, has said cash deposits into domiciliary accounts will no longer be restricted. The bank said this in guidance to...

mediagem - June 18, 2023

Business

CBN Abolishes Multiple Exchange Rate Window

The Central Bank of Nigeria (CBN) has confirmed changes in the foreign exchange market. In a statement on Wednesday night, Angela Sere-Ejembi, Director, Financial Markets,...

mediagem - June 14, 2023

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