The naira traded at 702.19/dollar at the close of business on Thursday, as the Central Bank of Nigeria has allowed for a free float of the national currency against the dollar and…
Tag: CBN
Private sector, economists back CBN over currency floating
The Central Bank of Nigeria has directed Deposit Money Banks to remove the rate cap on the naira at the official Investors and Exporters’ Window of the foreign exchange market, to allow…
Naira Falls Massively at Official Market As CBN Issues Banks New Directive
VOICE AIR MEDIA News Update THE Central Bank of Nigeria has permitted banks to sell foreign exchange at their own price. The development is coming after the sack of former CBN Governor…
CBN denies reports of devaluation of the Naira
THE Central Bank of Nigeria has denied reports of the devaluing the Naira. DailyTrust had earlier reported that the apex bank has devalued the Naira to N631 to $1. However in a…
CBN jerks up key interest rate
VOICE AIR MEDIA News Update THE Central Bank of Nigeria (CBN) policy-setting committee has raised the monetary policy rate (MPR), which measures interest rate, from 18 percent to 18.5 percent. Recall that…
BREAKING: CBN supplies more new notes to banks
With rising concerns around the seeming disappearance of newly redesigned notes, the Central Bank of Nigeria has said it is supplying more quantities of the new notes to banks. …
CBN: Unclaimed monies in dormant accounts to be invested in T-Bills
VOICE AIR MEDIA News Update THE Central Bank of Nigeria (CBN) says it will mop up all dormant account balances and unclaimed balances in banks into a Trust Fund account which will…
Finally, Banks comply with CBN’s directive to work weekends
Banks in satellite towns of the Federal Capital Territory (FCT), on Saturday, opened for business as directed by the Central Bank of Nigeria (CBN). The correspondent who monitored some…
Nigeria: CBN Reacts To Alleged Plan To Suspend OPAY, PALMPAY Accounts
VOICE AIR MEDIA News Update THE Central Bank of Nigeria (CBN) has made clarification on viral reports that it has suspended accounts of some Fintech companies like OPAY and PALMPAY. The apex…
Nigeria’s economy maintains nine-quarter consecutive growth: CBN
The Central Bank of Nigeria (CBN) has the Nigerian economy has maintained a positive growth trajectory for nine consecutive quarters, since exiting recession in 2020. The CBN Governor, Mr…