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Foreign exchange inflow through CBN drops by 5.25%

The Central Bank of Nigeria (CBN) on Thursday said the foreign exchange inflow  into the country dropped by 5.25 per cent in second half...

Availability of credit to corporate sector decreased in Q3 – CBN

Story by Kayode TokedeThe Central Bank of Nigeria (CBN) in a new survey has said overall availability of credit to the corporate sector decreased...

Counterfeit naira notes rise to 358,658 pieces in 3 years –...

Story by Kayode TokedeThe Central Bank of Nigeria (CBN) has said counterfeit notes in circulation increased to 358,658 pieces between 2016 and 2018.The breakdown...

CBN directs farmers not to hike price of rice

Story by Kayode TokedeThe Central Bank of Nigeria (CBN) has directed rice farmers in the country not to hike the price of the product...

Financially excluded population drops by 4.8% in 2 years – CBN

Story by Kayode TokedeThe Central Bank of Nigeria (CBN) has disclosed that financially excluded population in the country dropped by 4.8 per cent from...

Weakening oil prices, interventions in FX market taking tolls on reserves...

Story by Kayode TokedeA member of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has said the weakening global oil prices and...

Weakening oil prices, interventions in FX market taking tolls on reserves...

Story by Kayode TokedeA member of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has said the weakening global oil prices and...

CBN issues guidelines for indirect participants in payments system

The Central Bank of Nigeria (CBN) has issued regulations governing the operations of the in-direct participants in the payments system.The apex bank in its...

CBN’s unlocking potentials in agriculture sector, creative industry

With the growing concerns over dwindling global oil prices and unemployment, Nigeria under this present administration of President Muhammadu Buhari is working on diversification...

CBN injects $311.5 million into retail SMIS as Naira closes flat

Story by Kayode TokedeThe Central Bank of Nigeria (CBN) on made an intervention of $311.5 million in the retail Secondary Market Intervention Sales (SMIS)...
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