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CBN eases monetary policy, cuts...

CBN eases monetary policy, cuts interest rate...

CBN announces new compliance department,...

C BN announces new compliance department, projects 4.17%...

CBN eases monetary policy, cuts interest rate to 27%

CBN eases monetary policy, cuts interest rate to 27% Story by Martha Gwary The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate from 27.5 per cent to 27 per cent, marking the first rate cut in several months. CBN Governor Olayemi Cardoso announced the decision on Tuesday at the end of the 302nd Monetary Policy Committee (MPC) meeting in Abuja. He said the move was driven by a recent slowdown in inflation, which created room for cautious easing. Alongside the rate cut, the MPC adjusted the cash reserve requirement (CRR)...
Salim Sani -
Business & Economy

FG imposes $10...

FG imposes $10 billion fine on Binance over devaluation of Naira The Federal Government has slammed a $10 billion fine on the widely used cryptocurrency...
Neptune Prime -
Opinion

Nigeria’s Economic Dilemma:...

Nigeria's Economic Dilemma: From prosperity to predicament, by Ademola Oyetunji In an era where Nigeria grapples with economic challenges and governance issues, the country's current...
Neptune Prime -
Business & Economy

CBN uncovers $2.4...

CBN uncovers $2.4 billion fraud in forex trading - Cardoso Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has narrated how the apex bank uncovered...
Neptune Prime -
Business & Economy

Bureau De Change...

Bureau De Change operators in Abuja çease operation over scarcity of dollar Bureau De Change (BDC) operators have closed all operations in Abuja as a...
Neptune Prime -
Business & Economy

CBN governor Cardoso...

CBN governor Cardoso to appear before Senate Financial Committee as naira dwindles to N1,520 per dollar The Nigerian Senate, on Wednesday, through its Committee on...
Neptune Prime -
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