CBN

Business and Economy

Again, Customs raises import duties

DESPITE calls for a fixed rate, the  Nigeria Customs Service (NCS) has again adjusted the foreign exchange (FX) rate...
Harrison EDEH -
Business and Economy

Palliatives worsening Nigeria’s inflation, CBN tells Nigerian government

THE Central Bank of Nigeria (CBN) said it had identified palliatives as a new contributing factor to rising food...
Ehime ALEX -
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Business and Economy

CBN regrets declining economic activities despite hiking lending rate

DESPITE increasing the lending rate to 24.75 per cent, the Central Bank of Nigeria (CBN) has admitted regrets over...
Harrison EDEH -
Business and Economy

CBN raises Customs duty by 14% despite calls for fixed rate

The Central Bank of Nigeria (CBN) has again dashed importers' hopes by raising the exchange rate for Customs import...
Harrison EDEH -
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Banking and Finance

Investors lose over N3trn in one month after CBN’s rate hike

NIGERIA's stock market has been hit by the Central Bank of Nigeria's (CBN) monetary policy tightening, as investors have...
Ehime ALEX -
Business and Economy

Naira depreciates further to 1,400/$ amid rising dollar demand

THE Nigerian naira depreciated further on Thursday, April 25, and was exchanged for N1,400 against the US dollar on...
Harrison EDEH -
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