W/Bank Disagrees With CBN On Multiple Exchange Rates   The World Bank has said it disagrees with the Central Bank of Nigeria on how it is going about to achieve its price stabilisation objective. The Country Director for Nigeria, World Bank, Shubham Chaudhuri, said this to our...

Amid Complaints, eNaira App Hits 100,000 Downloads In 24hrs   The eNaira speed wallet applications recorded over 100,000 downloads from the Google Store in 24 hours after the digital currency was launched on Monday, even as some users complained about some glitches. Aside from the Google Store,...

CBN Releases Guidelines For eNaira   Following the launch of the enaira by President Muhamadu Buhari, the application for the digital currency introduced by the CBN has become available for download, with more than 5,000 downloads within hours of the launch. This is as the apex bank...

eNaira Goes Live Today After Official Launch By Buhari   Nigeria’s central bank digital currency (CBDC), the eNaira, has gone live after an official launching by President Muhammadu Buhari on Monday. The launch took place at the State House in Abuja. An earlier plan to unveil the...

Economy Improved Slightly In August - CBN     Economic activities improved slightly in August, compared to July, according to the Central Bank of Nigeria. The CBN said in a report on its last Monetary Policy Committee meeting that the manufacturing and non-manufacturing Purchasing Manager’s Indices showed improvement...

CBN Raises Healthcare Fund To N200bn     Healthcare providers, hospitals, and pharmaceuticals are to benefit in the expansion of the healthcare sector intervention fund from N100 billion to N200 billion by the Central Bank of Nigeria (CBN). The expansion was recommended by the Monetary Policy Committee (MPC). CBN...