Tag: CBN
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CBN denies devaluing Naira. It denied previous devaluations too
The Central Bank of Nigeria has denied devaluing the naira in a fresh attempt to unify the exchange rate.
The bank said a report by...
Here are microfinance banks you should avoid after CBN sanction
The Central Bank of Nigeria has revoked the operating licences of over a hundred banks and financial firms, meaning the affected companies can no...
Seeking to tame rising prices, CBN raises interest rate again
The Central Bank of Nigeria has raised its key interest rate to the highest level in at least a decade as it continues to...
Scorecard is out: CBN’s naira redesign weakened Nigerian economy
The Central Bank of Nigeria-induced naira crunch between January and March weighed down on the economy leading to a decline in growth, the National...
CBN to pay raw material exporters for bringing back dollars
Nigeria is expanding its incentives to new sectors to boost exports and dollar inflow into the country.
Nigeria relies on crude oil for more than...