Home / Tag Archives: Central Bank of Nigeria (page 11)

Tag Archives: Central Bank of Nigeria

Naira Appreciates After CBN Intervention

THE naira appreciated massively against the dollar in the foreign exchange market 24 hours after the Federal Bank of Nigeria sold FX to operators of Bureau De Change, BDC. FMDQ data showed that the naira gained N91.32 to appreciate to N1576.10 per dollar on Thursday from N1667.42 exchanged on Wednesday. …

Read More »

BREAKING: CBN Increases Interest Rate to 27.25%

IN a recent move to address economic concerns, the Central Bank of Nigeria (CBN) has elevated the Monetary Policy Rate (MPR) by 50 basis points, raising it from 26.75% to 27.25%. This decision was announced following the 297th meeting of the Monetary Policy Committee (MPC) held in Abuja. Alongside the …

Read More »

CBN to Raise N50bn From Cybersecurity Levy

THE Central Bank of Nigeria will be raising N50 billion by the end of 2024 from a 0.005 percent cybersecurity levy on electronic transactions. The Head of Research, FMDQ Group Plc, Vincent Nwani disclosed in a statement. His comments come as CBN in its latest document, Monetary, Credit, Foreign Trade, …

Read More »

CBN Maintains FG’s Ways and Means Loan at 5%

THE Central Bank of Nigeria said it will maintain its Ways and Means advances to the federal government at a 5 percent maximum benchmark for the 2024-2025 fiscal year. The apex bank disclosed this in a document titled, ‘Monetary, credit, foreign trade, and exchange policy guidelines for the fiscal years …

Read More »