Tag: CBN
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Central Bank of Nigeria Denies Oil Sector Forex Disbursement
The Central Bank of Nigeria has dismissed reports that it disbursed 1.25 billion dollars to oil firms for petroleum imports, clarifying the figure represents...
Naira Holds Steady as Black Market Premium Persists
Nigeria's currency maintained its footing at the official foreign exchange market on Friday, October 24, even as street traders continued quoting significantly higher rates...
Nigeria Central Bank Cuts Interest Rate to 27%
The Central Bank of Nigeria (CBN) reduced its benchmark Monetary Policy Rate (MPR) by 50 basis points to 27 percent on Tuesday, marking the...
Nigerian Stocks See Limited Gains as CBN Launches New Accounts
Nigerian stocks are expected to show limited gains in the short term as traders continue profit-taking after a slight decline earlier in the week.
The...
CBN Introduces Penalties for Banks Failing to Provide Cash Amid Ongoing Shortage
The Central Bank of Nigeria (CBN) has announced tough measures to address the ongoing cash shortage in the country, warning that commercial banks failing...
