Home / Tag Archives: Central Bank of Nigeria (page 26)

Tag Archives: Central Bank of Nigeria

Why Tinubu Should Immediately Stop Naira Floating – Sagay

A Senior Advocate of Nigeria (SAN), Itse Sagay, emphasized the urgent need for President Bola Tinubu to halt the naira floating as a crucial step in addressing the nation’s economic difficulties. The Central Bank of Nigeria (CBN) announced in June 2023, as a part of its economic recovery measures, the consolidation …

Read More »

BREAKING: Naira Drops To N2,000/1£ At Parallel Market

NIGERIA’s local currency, the naira, has plummeted to a new low, now trading above 2,000 naira against the Great Britain Pound in the parallel market. This was confirmed by a Bureau de Change operator in Wuse Zone 4, Malam Ibrahim, who spoke with Punch. He noted the currency’s significant depreciation …

Read More »

Inflation: CBN Increases PVS Limit From 2.5% To 15%

THE Central Bank of Nigeria, CBN, has announced an upward review of the Price Verification System, PVS, from 2.5 percent to 15 percent. In a circular by the Director, Trade and Exchange Department of the CBN, Dr Hassan Mahmud, the development is in a bid to check global inflation and …

Read More »