News
-
Currency Management Has Faced Several Daunting Challenges – CBN
Good afternoon Ladies and Gentlemen, and welcome to this special press briefing of the Bank. We have called this…
Read More » -
CBN Set to Introduce Redesigned N200, N500, and N1000 Notes
Numerous media platforms have reported that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has announced that…
Read More » -
No Respite for Inflation as Floods Limit Food Supply
The recent heaving flooding across most parts of Nigeria remains a critical factor that will drive food inflation numbers for…
Read More » -
Zainab Ahmed: Falling oil revenue, petrol subsidy affecting full implementation of 2022 budget
Zainab Ahmed, minister of finance, budget and national planning, says oil revenue shortfall and petrol subsidy deductions are challenging the…
Read More » -
Moody’s Downgrades the Long-term Ratings of Nine Nigerian Banks to B3 from B2, Places Ratings on Review for Further Downgrade
Rating action follows the downgrade of the sovereign rating to B3 from B2, and the placement of the government rating…
Read More » -
Oil steadies amid fears over Chinese demand, record U.S. exports
Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. REUTERS/Benoit Tessier Summary Dollar…
Read More » -
Cooking gas price increases by 61%
· The price of 12.5kg of cooking gas rose by 61 per cent to N9,906 in September 2022 from…
Read More » -
CBN Issues Exposure Draft of the Guidelines for Contactless Payments in Nigeria
The Central Bank of Nigeria, in furtherance of its efforts to standardise operations in the payments system, while encouraging the…
Read More » -
Nigeria’s Dangote Refinery Will Transform our Downstream Sector, Says Ghana Petroleum Authority
Chief Executive Officer, of the National Petroleum Authority (NPA) of Ghana, Mustapha Abdul-Hamid, said the coming onstream of 650,000 barrels-per-day…
Read More » -
CBN okays dollar sales by Payment Service Banks
The Central of Nigeria (CBN) has released supervisory framework for Payment Service Banks. The framework among other things empowered the…
Read More »