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CBN Raises Interest Rate to 27.25% as Inflation Concerns Persist

Manufacturers in Nigeria will continue to face high borrowing costs as the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has raised the...

FG Exits Debt Servicing Through CBN’s Ways And Means – Wale Edun

Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, announced that the federal government has officially exited the practice of servicing...

Nigerian Businesses to Create More Jobs, CBN Survey Reports

According to the latest Business Expectations Survey (BES) from the Central Bank of Nigeria (CBN), Nigeria’s economy is set for a boost, with job...

CBN Reports High In Remittance Inflows July

The Central Bank of Nigeria (CBN) has announced a remarkable surge in remittance inflows, reaching $553 million in July 2024—an impressive 130% increase compared...

CBN Reintroduces Publication Of Key Economic Reports

The Central Bank of Nigeria (CBN) has resumed the publication of several crucial economic reports, underscoring its dedication to enhancing transparency and accountability within...

Naira Gains N42.88 As CBN Launches RDUS Amid Protests

Based on FMDQ data from the past week, the Naira strengthened by N42.88 against the dollar in the foreign exchange market, following the Central...

MAN Warns Of Economic Fallout Due To Unfulfilled $2.4bn FX Contracts By CBN

The Manufacturers Association of Nigeria (MAN) has raised concerns over a significant financial issue affecting the country's manufacturing sector. The Central Bank of Nigeria...

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