Tag:CBN

CBN moves to raise interest rate to new high

There were strong expectations yesterday that the benchmark interest rate will go up as the Central Bank of Nigeria (CBN) begins its two-day policy-decision...

Why Nigerians should appreciate my borrowings- Buhari

President Muhammadu Buhari says Nigerians should appreciate massive borrowings by his regime because it provides resources to meet socio-economic needs of citizens. “While citizen concern...

Naira loses against dollar

The Naira on Friday lost slightly to the dollar, exchanging at N436.33 compared with N436.32 on Thursday. The open indicative rate closed at N433.83 to...

How dollar spending limit is affecting businesses in Nigeria

Over the past month, Nigeria’s commercial banks declared reduced limits on international transactions using naira debit cards to $20 per month. It means Nigerians would...

BREAKING: eNaira becomes USSD enabled from next week

From next week, Nigerians will be able to open an eNaira wallet and conduct transactions by simply using a designated USSD code on any phone. To...

CBN to introduce USSD code to improve eNaira

The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the...

CBN speaks on alleged sack of Emefiele

The Central Banks of Nigeria, CBN has debunked reports that its Governor, Godwin Emefiele was sacked. Several online media platforms particularly blogs had reported that...

CBN 13% interest rate hike- What it means for Nigerians, the economy

The Central Bank of Nigeria’s Monetary Policy Committee on Tuesday raised the benchmark interest to 13 per cent. The governor of the Central Bank,...

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212 terrorists killed as court frees 313 Boko Haram suspects

The Federal High Court in Borno has ordered the release of no fewer than 313 suspected terrorists arrested by...
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Don’t denigrate Nigeria in your sermons, Tinubu urges Imams, Pastors

President Bola Tinubu has called on religious leaders to refrain from vilifying or denigrating the nation in their sermons. Tinubu...

Okuama: Monarch surrenders as army hunts killers of 17 soldiers

A traditional ruler, Clement Ikolo Ogenerukeywe, has been detained by the Delta State Police command in connection with the...

Must read

212 terrorists killed as court frees 313 Boko Haram suspects

The Federal High Court in Borno has ordered the...

Don’t denigrate Nigeria in your sermons, Tinubu urges Imams, Pastors

President Bola Tinubu has called on religious leaders to...