HomeTagsCbn

Tag: cbn

8,651 RSA Holders Withdraw N14bn from Pension Savings – PenCom

8,651 RSA Holders Withdraw N14bn from Pension Savings – PenCom About 8,651 Retirement Saving Account holders withdrew N14.20bn in the first quarter of 2024 due to temporary job loss. This was disclosed in the first quarter report 2024 published by the National Pension Commission recently. In the...

Debt Servicing Gulps $2.2bn in Five Months – CBN

Debt Servicing Gulps $2.2bn in Five Months – CBN Nigeria’s debt servicing gulped about N2.2bn in the first five months of this year, the latest data from the Central Bank of Nigeria (CBN) have revealed. This is almost half of the $4.8bn projected for the entire...

After 10 Weeks Decline FX Reserve Rises to $32.8bn

After 10 Weeks Decline FX Reserve Rises to $32.8bn After a 10-week dip of $1.8bn, Nigeria’s foreign exchange reserve has shown a steady increase over the past six days, indicating a recovery process for the economy’s external reserve. According to data from the Central Bank of...

Hajiya Rakiya: The Predicament of ICT Guru at CBN

Here is a woman who has contributed immensely by ensuring increased revenue, reduced costs, and improved security in various organisations she had worked for and could just be retired due to political exigency.

FG Reportedly Considers Suspending Import Levies on Food to Curb Inflation

FG Reportedly Considers Suspending Import Levies on Food to Curb Inflation The federal government is considering suspending import duties on staple food, drugs, and other essential items for six months to slow inflation in the country. According to a Bloomberg report, the government may also waive...

FX Reserves Fall by $1.8bn in 10 Weeks – CBN

FX Reserves Fall by $1.8bn in 10 Weeks – CBN Nigeria’s foreign exchange reserves have fallen by $1.8bn in 10 weeks, according to data from the Central Bank of Nigeria (CBN). As of May 29, 2024, the country’s FX reserves stood at $32.69bn, down from $34.44bn...