In Five Months, CBN Defended Naira With $7.6bn   The Central Bank of Nigeria injected $7.6bn into the economy to stabilise the value of the naira in five months. This was obtained in the banking regulator’s monthly economic reports on foreign exchange market developments. According to the reports,...

Again, Emefiele Urges Nigerian Businessmen to Embrace eNaira, by Abbas Badmus    The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has urged Nigerians to come on board the new digital offering, as it has the capacity to increase Nigeria’s Gross Domestic Product (GDP) by...

Nigerians to Use USSD code for eNaira Transaction - Emefiele The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has announced that Nigerians will from next week use USSD code for eNaira transactions. The apex boss revealed the new feature on eNaira at the Grand Finale...

Digital Currency: eNaira Transactions Hit N4b - Emefiele  The Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, has disclosed that transactions on CBN digital currency, the e-Naira, platform has hit N4 billion, since its launch in October, last year. The apex bank boss gave the...

Naira Drops To N683 Per Dollar At Parallel Market   Naira has dropped to N683 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black market. The figure represents a depreciation of N3 or 0.4 per cent from the N680 it...

CBN: Debt is Fiscal Responsibility, Nigeria Can’t Stop Borrowing - Emefiele The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says debt is part of fiscal responsibility and Nigeria cannot stop burrowing, especially when it is necessary. The apex bank boss, gave this remark...