Tag:CBN

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

Business

What you should know about Acting CBN governor, Folashodun Adebisi Shonubi

President Bola Ahmed Tinubu on Friday ordered Mr. Folashodun Adebisi Shonubi to act as the governor of the Central Bank of Nigeria, CBN, following...

mediagem - June 10, 2023

Business

CBN raises baseline lending rate to 18.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 18.5 per cent from...

mediagem - May 25, 2023

Business

FULL LIST: CBN revokes licences of 179 microfinance banks, 4 mortgage banks, 3 others

The licences of 179 microfinance banks, four primary mortgage banks and three finance companies have been revoked by the Central Bank of Nigeria, CBN. The...

mediagem - May 25, 2023

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