Besides expressing optimism about the exchange rates, the CBN boss projects less revenue from oil exports in the 2024 fiscal year The Central Bank of Nigeria (CBN) has guaranteed that the country’s skyrocketing inflation and exchange rates will significantly decrease in 2024. The apex bank also predicted lower oil revenue for the coming fiscal year, while disclosing that the sum of N18.804 billion worth of trade was recorded through the Nigerian Foreign Exchange Market (NFEM)...
The apex bank cautioned those circulating the fake naira notes to be wary of possible breach of the law and the consequence of jail term The Central Bank of Nigeria (CBN) has alerted the public to the circulation of fake naira notes in the country. A statement signed by Sidi Ali Hakama, acting director of communications of the bank, reminded the public to beware of using the fake notes because it is an offence which...
The Reps want the sums collected as penalties released to host communities of the Niger Delta to cushion the effects of environmental degradation caused by gas flare. The House of Representatives has asked the Central Bank of Nigeria (CBN) to release the sum of N27.6bn collected as gas flare to host communities. The lawmakers made the demand during plenary on Thursday. The House said the demand was based on a directive by former president, Muhammadu...
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