Tag: Cbn
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The amount of currency in circulation has surged to N2.7 trillion, as indicated in the CBN report
The amount of currency in circulation in Nigeria surged by N1.7 trillion as a result of increased cash transactions.
According to data from the Central...
“Next week, the Central Bank of Nigeria plans to repay its dollar debts to banks, potentially leading to a rebound in the value of...
The Acting Governor of the Central Bank of Nigeria, Folashodun Shonubi, announced that the apex bank will settle all outstanding forward contract debts with...
The CBN report reveals that FG’s expenses in a three-month period surpass its revenue by a substantial margin of N1.43 trillion.
During the first quarter of 2023, the Federal Government of Nigeria faced a fiscal challenge as its expenditures surpassed its revenue by N1.43tn.
This figure,...
Insufficient funds: Banks’ reliance on CBN borrowing reaches a staggering N12 trillion.
There is evidence that both commercial banks and merchant banks are increasingly relying on the Central Bank of Nigeria for liquidity, with their borrowing...
Falana files a lawsuit against CBN, alleging that the floating of the naira is ‘unlawful’.
Prominent human rights lawyer, Femi Falana, SAN, has strongly criticized the decision by the Central Bank of Nigeria to allow the naira to float...
