CBN TO HOLD MPC MEETING MAY 19 The Central Bank of Nigeria (CBN) is set to hold its monetary policy committee (MPC) meeting this week. The CBN said its 300th MPC meeting will be held on May 19 and 20 ...
The Central Bank of Nigeria (CBN) has announced a date for its 300th Monetary Policy Committee meeting. In a notice released on Tuesday, the CBN said its next MPC meeting will happen on May 19 and 20 ...
Nigeria’s gross external reserves have declined by 6.5 per cent year-to-date, shedding $2.67 billion between January and May 2025, amid mounting debt servicing obligations and sustained dollar interve...
The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched the Non-Resident Bank Verification Number (NRBVN) platform. With this...
The advisory, signed by the acting Director, Corporate Communications, Mrs Hakama Sidi-Ali and released to the media yesterday, noted that despite an earlier advisory issued on November 18, 2024, thes...
The World Bank has projected that Nigeria’s inflation rate will average 22.1 per cent in 2025, attributing the anticipated decline to the Central Bank of Nigeria’s tight monetary stance aimed at resto...
Nigeria’s inflation rate could decline to an annual average of just over 22 percent in 2025, if the Central Bank of Nigeria maintains its current tight monetary stance, the World Bank said Monday at t...
PCNGI ENFORCES 40% FARE CUT ON CNG-POWERED COMMERCIAL VEHICLES IN ABUJA The presidential compressed natural gas initiative (P-CNGi) has commenced enforcement of a 40 percent fare reduction on commerc...
The Central Bank of Nigeria has officially granted a finance company licence to Preferred Finance Company Limited, with the mandate to provide structured financing solutions, particularly to micro, sm...
In its regional economic outlook report, ‘Africa’s Pulse,’ on Thursday, the Britton Woods institution said the naira, the South Sudanese pound, and the Ethiopian birr were the weakest performing curre...
