eNaira records 200,000 users, N4bn transactions value – Emefiele
The Central Bank of Nigeria (CBN)’s digital currency, eNaira, has recorded 200,000 volumes and four billion Naira value of…
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CBN unveils USSD code to access eNaira, effective from next week
The Central Bank of Nigeria (CBN) has unveiled a new short code for subscribers of its digital currency, eNaira to make…
CBN ends COVID-19 slash, reverts to 9 percent interest rate on all its…
The Central Bank of Nigeria (CBN) has reverted to 9 percent interest rate on its facilities, ending its Covid-19 period reduction…
CBN raises savings interest to 4.2%
The Central Bank of Nigeria (CBN) has announced an upward review of the minimum interest payable to 30 per cent of the Monetary…
FG pays N405bn interest on CBN loans
Data from Medium-Term Expenditure Framework and Fiscal Strategy Paper 2023-2025, has shown that the federal government paid an…
CBN vows to halt naira depreciation
The Central Bank of Nigeria has advised Nigerians to resist the temptation to participate in the speculative activities of some…
CBN speaks on Naira’s free fall in official, parallel markers; fingers NNPC
The Central Bank of Nigeria (CBN) has said non-remittance of dollars to foreign reserves by the Nigeria National Petroleum…
Buhari asks senate to confirm reappointment of four CBN directors
President Muhammadu Buhari has written to the senate to confirm the reappointment of four nominees as non-executive directors of…
Nigerians spend $378m on tuition fees abroad in five months – CBN
Nigerians spent $378.77 million on foreign education between January and May 2022, according to figures from the Central Bank of…
BREAKING: CBN raises interest rate to 14%
On Tuesday, the Central Bank of Nigeria increased the interest rate to 14%.