Tag Archives: CBN

Inflation to fall in 2024 — Cardoso The Central Bank of Nigeria’s governor Mr. Yemi Cardoso expects headline inflation to fall to 21.4 per cent in 2024. The apex bank’s governor disclosed this during his keynote speech at the launching of the Nigerian Economic Summit Group macroeconomic outlook report for ...

Emefiele: CBN sacks boards of Union, Titan, Keystone, Polaris banks The Central Bank of Nigeria (CBN) has, with immediate effect, sacked the entire Board of Directors of Polaris, Titan, Union and Keystone Banks. CBN sources say the decision was taken in a meeting led by the apex bank’s governor, Yemi ...

Cash Crisis: Former Finance Minister Idika Kalu Blames CBN A former Minister of Finance, Dr Idika Kalu, has faulted the logistics of the Central Bank of Nigeria (CBN) for the crisis that has characterized the distribution of new N1000, N500 and N200. Speaking on Channels Television on Friday, he noted ...

Heritage Bank, CBN adopt novel approach to boost wheat production capacity…To add 750, 000MTs via rain-fed cultivation, reduce annual import by 60% In a bid to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria and Heritage Bank Plc have adopted a novel but more ...

    The E-Naira speed wallet has disappeared from the Google Play Store barely 48 hours after its launch, The PUNCH has observed. However, our correspondent learnt that the eNaira merchant wallet, which is designed for businesses, is still running and has over 10,000 downloads on the Google Play Store ...

AbokiFX Announces Interim Suspension Of forex rate updates as CBN investigates founder ABOKIFX, the website that quotes daily foreign exchange rates against the naira, has announced the interim suspension of the updates on its platform following serious allegations of currency manipulation, speculation and illegal dealings in forex levelled against it ...

The Central Bank of Nigeria’s Naira4Dollar scheme may have attracted about $40 million in foreign remittances in one week, according to a reliable source with knowledge of the scheme.       Sources informs that the scheme had performed a lot more than expected as remittances via commercial banks have ...

The Centre for Nigerian Dutch Dairy Development (CNDDD) has announced that it will host a webinar in partnership with the Federal Ministry of Agriculture and Rural Development (FMARD) and the Central Bank of Nigeria (CBN) on topics that will enable a sustainable national dairy sector and value chain in Nigeria.   The CNDDD webinar ...