Central Bank of Nigeria

CBN Extends Suspension of Charges on Cash Deposits Till September, 2024

The Central Bank of Nigeria (CBN) has announced the extension of the suspension of collection of processing charges on cash deposits by commercial till September 30, 2024. The announcement is contained in it issued in Abuja on Wednesday.…

CBN Raises Interest Rate to 24.75%

Kemi oladosu

The Central Bank of Nigeria (CBN), has announced the immediate increase of interest rate from 22.75% to 24.75%. The new raise amounts to 200 basis points. The new increase is an outcome of the Monetary Policy Committee…

Nigerian Students Abroad, Medical Tourism Responsible for Falling Naira-CBN GOV, Cardoso

Moses Idika

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso said that the daily depreciation of the Naira was due to the increasing number of Nigerians going abroad to study. He also stated that the indiscriminate medical tourism…