'CBN Still Short Of Forex To Clear Backlog'
Fitch, one of the leading global credit rating agencies, has said that the Central Bank of Nigeria (CBN) still lacks sufficient foreign exchange (forex) to clear the backlog of demand in the country.
Director of Middle East and...
Naira Slumps To N1,340/$1 At Parallel Market, FX Shortages Persist
Hopes of local and international businesses getting foreign exchange suffered a set-back as the naira slumped to fresh lows against the US dollar at the official and parallel markets at the weekend. This comes as...
CBN Reveals Foreign Medical, School Bills Gulped $1.58bn In Six Months
Nigerians spent $1.58bn on health tourism, foreign education, and other personal matters in six months, data from the Central Bank of Nigeria have revealed.
The data from the apex bank’s Balance of Payment compilation spanning...
CBN Set to Hold First MPC Meeting of 2024
The Central Bank of Nigeria (CBN) has held a two-day strategic session for members of the Monetary Policy Committee (MPC), preparatory to their first meeting under the tenure of Mr. Olayemi Cardoso as Governor.
The meeting is...
 CBN Won't be Allowed to Print Money - Budget Minister
Amidst revenue pressures facing the 2024 national budget, the Federal Government has indicated that it would no longer allow Central Bank of Nigeria, CBN, to print money by Ways and Means to fund the budget...
FG Adds Forgery, 13 Other Offences to Emefiele's Charges
Fresh troubles appear to be in the offing for former Governor of the Central Bank of Nigeria CBN, Godwin Ifeanyi Emefiele as the Federal Government again amended the charges against him on offences allegedly committed while...
