As the value of the Naira strengthens against US dollar, the Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all Central Bank of Nigeria (CBN)-Licensed Bureaux De Change (BDCs) in Nigeria yesterday appealed to the Apex Bank to adjust and lower its applicable Exchange Rate downward below the N1,251/$ its pegged for the BDCs.

The Lagos Chamber of Commerce and Industry (LCCI) is urging the Central Bank of Nigeria (CBN) to reconsider its monetary policy stance so as to avoid further increases in the interest rate.

JUST IN: Buhari to Unveil New Naira Notes Wednesday President Muhammadu Buhari will on Wednesday showcase the newly redesigned N1,000, N500 and N200 notes to the world. The new naira note policy has been generating controversy since it's announcement by the Central Bank of Nigeria (CBN)...

Senate Agrees to CBN’s Naira Redesign Policy  The Senate has agreed to provide legislative support to the naira redesign policy of the Central Bank of Nigeria (CBN). Senators had contrasting opinions on the naira redesign, but later agreed to support it after a rowdy debate. On October...

CBN: Bank Borrowing Increases by 12% to N2trn in Sept  Under the Standing Lending Facility (SLF) and Repo lending programs, deposit banks’ borrowing from the Central Bank of Nigeria (CBN) rises by 12 per cent to N2.02 trillion in September 2022. Data from the CBN Financial...

Presidency Wades into CBN-NNPC Feud Over Dollar Remittances   In an effort to address the dwindling fortune of the naira, the presidency has waded into the controversy between the Central Bank of Nigeria (CBN) and the Nigeria National Petroleum Corporation Limited (NNPC). The CBN on Friday blamed...