Business
CBN Fines Banks ₦150 Million Each Over Cash Shortages
Central Bank of Nigeria (CBN) has fined nine banks ₦150 million each for failing to ensure seamless Naira availability via ATMs during the festive season
15 January 2025
CBN
Business
CBN Halts Extension of Export Earnings Repatriation
Central Bank of Nigeria (CBN) tightens forex management, mandating 90- and 180-day deadlines for export earnings repatriation without extensions.
10 January 2025
Breaking News
Nigeria’s Inflation Rate Projected to Fall to 27.1% by December 2025
Nigeria’s inflation rate is forecast to decline to 27.1% by December 2025, signaling positive impacts of reforms. Economic growth is projected at 3.5%
10 January 2025
Business
2025 Budget Will Deliver Sufficient Economic Stimulus – CEO FirstBank
FirstBank Group CEO, Olusegun Alebiosu expresses confidence that the 2025 budget will offer stimulation to the Nigerian economy
9 January 2025
Business
Why 1000 CBN Staff Left – CBN Governor
CBN Governor issues clarifications to House of Representatives’ committee regarding 1000 CBN staff disengaged from service in 2024
4 January 2025
Business
Nigeria’s Diaspora Remittances Increases By 61% in One Year
Technical advancements and a weakened Naira boost Nigeria’s diaspora remittances, improving living standards for many low- and middle-income.
19 December 2024
Business
CBN Slams Restriction On PoS Transactions
The CBN introduces new regulations limiting PoS transaction volumes to curb economic sabotage and promote a cashless economy.
18 December 2024
Business
Cash Scarcity Persists Despite Cash In Circulation At All Time High
Despite cash in circulation at an all time high, Nigerians face pervasive cash scarcity, compelling the CBN to act by slapping fines on banks selling mints to currency hawkers.
16 December 2024
Business
CBN Issues Clarification Over Naira Notes Validity
CBN debunks claims of December 31st deadline for old banknotes, allaying fears over looming cash scarcity, economic disruptions.
13 December 2024
Business
Naira Strengthens Amid Market Reforms, Analysts Predict Stability at N1,500/$
Nigeria’s naira strengthens to N1,515 per dollar amid market reforms and improved forex inflows. Analysts predict stability around N1,500/$
8 December 2024
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