Tag: CBN
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What CBN’s interest rate hike means for you
The Central Bank of Nigeria (CBN) on Tuesday announced a new interest rate in a bid to fight inflation and strengthen the Naira. Here's...
CBN expected to raise interest rate further as naira strengthens
The Central Bank of Nigeria will announce its latest interest rate decision today, a month after delivering a huge increase of 4 percentage points...
CBN’s big rate hike hasn’t helped the naira just yet. Here’s why
After months of waiting, the Central Bank of Nigeria on Tuesday delivered what Bloomberg termed as a "jumbo rate hike" in its boldest move...
Street-trading of dollars banned as CBN resumes sales to BDCs
The Central Bank of Nigeria has restarted dollar sales to exchange bureaus, reversing it decision to end sales in 2021 to combat graft and...
CBN announces huge interest rate hike in response to naira crisis
The Central Bank of Nigeria (CBN) has announced a significant 400 basis point increase in its benchmark interest rate, raising it from 18.75% to...