Between January and April 2025, Nigeria spent approximately $2.01 billion on external debt servicing marking a sharp 50% increase from the $1.33 billion spent during the same period in 2024. This information comes from newly released international payments data from the Central Bank of… Nigeria spends $2 Billion on external debt servicing in four months … Read more
The Centre for the Promotion of Private Enterprise has raised concerns as the Central Bank of Nigeria announced an interest rate pause at 27.50 percent. The chief executive of CPPE and renowned economist, Dr. Muda Yusuf made this known on Tuesday in his reaction to the Monetary… CPPE raises concerns over CBN interest rate pause …C0NTINUE READING … Read more
For the first time since February 2024, the Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR) at 27.5 per cent. TheNewsGuru.com (TNG) reports MPR is the baseline interest rate set by the CBN, serving as the benchmark for all other interest rates within the… CBN pauses baseline interest rate …C0NTINUE READING … Read more
The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said the Nigerian economy has stability.He disclosed this at the press briefing at the end of its 300th Monetary Policy Committee meeting on Tuesday. According to him, investors’ confidence in the Nigerian… Nigerian economy stabilising — CBN Governor, Cardoso …C0NTINUE READING HERE >>>>
The Central Bank of Nigeria Monetary Policy Committee has retained the country’s interest rate at 27.50 percent. The governor of CBN, Olayemi Cardoso, disclosed this in a press briefing on Tuesday after the 300th MPC meeting in Abuja. “The committee unanimously agreed to… BREAKING: CBN retains Nigeria’s interest at 27.50% …C0NTINUE READING HERE >>>>
The Central Bank of Nigeria has dismissed bankruptcy claims making the rounds on social media about a Nigerian bank, Fidelity. In a statement on Monday by the apex bank’s acting spokesperson, Hakama Sidi Ali, assured that Nigeria’s banking sector remained resilient, safe,… CBN dismisses claims on Fidelity Bank bankruptcy …C0NTINUE READING HERE >>>>
The Central Bank of Nigeria (CBN) has moved to dispel concerns about the stability of the country’s banking sector following controversial claims circulating on social media. In a statement issued by Mrs. Hakama Sidi-Ali, Acting Director of Corporate Communications, the CBN reaffirmed that… Are Nigerian Banks at risk? CBN responds to viral allegations …C0NTINUE READING … Read more
The Central Bank of Nigeria’s Monetary Policy Committee’s two-day meeting begins on Monday through Tuesday, May 19th and 20th, 2025. MPC, CBN’s highest decision-making body, will be saddled with the huddle of either tightening its monetary stance or maintaining the… CBN decides on inflation, interest, naira exchange rates as MPC meeting begins …C0NTINUE READING HERE … Read more
The Naira continued its upward trend on Wednesday, appreciating further at the official market and closing at N1,596.70 to the U.S. dollar. According to data released on the Central Bank of Nigeria’s official website, the local currency gained N3.33 against the dollar. Advertisement Naira strengthens further against Dollar …C0NTINUE READING HERE >>>>
The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched a secure digital platform for banking access for Nigerians living overseas, named the Non-Resident BVN (NRBVN). The central bank announced on its X handle on… Just in: CBN launches unique BVN platform for Nigerians in diaspora …C0NTINUE … Read more