Tag: CBN
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Heritage Bank fails as CBN revokes licence
The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc, citing breaches of the Banks and Other Financial Act...
Understanding how CBN’s new record high interest rate affects you
The Central Bank of Nigeria has raised its benchmark interest rate to a new record high in a bid to force inflation down and...
CBN likely to raise interest rate again as naira declines
The naira's continued slump and Nigeria's persistently high inflation are likely to force the Central Bank of Nigeria (CBN) to raise interest rates yet...
Naira tumbles past 1,500 to dollar – first time in 2 months
The Naira extended its latest decline Tuesday, tumbling below N1500 on the parallel market for the first time in two months and dimming hopes...
New tax ignites fury among already suffering Nigerians
Nigerians reacted with fury Tuesday a day after the government imposed a new levy on digital transactions at a time of extreme hardship caused...