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Global economic growth to steady at 3.2% in 2024 - IMF

Nigeria, April 16 -- The International Monetary Fund (IMF) has projected a continuation of global economic growth and a decline in inflation rates for the years 2024 and 2025. This projection comes o... Read More


CBN prohibits use of foreign currency collateral for Naira loans

Nigeria, April 8 -- The Central Bank of Nigeria (CBN) on Monday issued a directive to all banks prohibiting the use of foreign currency as collateral for Naira loans. This move comes amid efforts to ... Read More


Again, CBN sells dollars to BD

Nigeria, April 8 -- The Central Bank of Nigeria on Monday disclosed that it sold $10,000 to each Bureau De Change operator at a rate of N1,101 per US dollar. The bank disclosed this in a circular add... Read More


Again, CBN sells dollars to BDCs

Nigeria, April 8 -- The Central Bank of Nigeria on Monday disclosed that it sold $10,000 to each Bureau De Change operator at a rate of N1,101 per US dollar. The bank disclosed this in a circular add... Read More


Tinubu's special investigator concludes probe of CBN under Buhari

Nigeria, April 5 -- The Special Investigator appointed by President Bola Tinubu to probe the activities of the Central Bank of Nigeria under the Muhammadu Buhari administration has completed his assig... Read More


UPDATED: Tinubu's special investigator concludes probe of CBN under Buhari

Nigeria, April 5 -- The Special Investigator appointed by President Bola Tinubu to probe the activities of the Central Bank of Nigeria under the Muhammadu Buhari administration has completed his assig... Read More


Nigerian banks fully equipped to meet recapitalisation demands - ACAMB

Nigeria, April 2 -- The Association of Corporate and Marketing Communication Professionals of Banks (ACAMB) has expressed confidence in the capacity of Nigerian banks to meet the demands of the recent... Read More


NACCIMA speaks on CBN forex backlog

Nigeria, March 26 -- The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) on Monday expressed concerns over the clearing of the Central Bank of Nigeria forex bac... Read More


JUST IN: CBN raises interest rate

Nigeria, March 26 -- The Central Bank of Nigeria (CBN), on Tuesday, raised the interest rate by 200 basis points from 22.75 per cent to 24.75 per cent amid soaring inflation. The central bank made th... Read More


CBN sells dollars to BDCs at N1,251/$1

Nigeria, March 26 -- The Central Bank of Nigeria on Monday disclosed that it sold $10,000 to each Bureau De Change operators at a rate of N1,251 per U.S. dollar. The bank disclosed this in a circular... Read More