By Akeem Awere After about almost a week-long outrage and outcry against the directive of the Central Bank of Nigeria to levy a 0.5 percent cybersecurity charge on electronic transactions, President Bola Ahmed Tinubu finally bowed to the pressure of the Nigerian public and listened to the people’s voice. The President on May 11, according […]
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Central Bank of Nigeria (CBN) has cleared the $7 billion foreign exchange (FX) backlog inherited by Governor Yemi Cardoso. Gatekeepers News reports that this was disclosed In a statement on Wednesday, CBN’s Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, confirmed settlement of all valid FX backlog claims. This move fulfills a key pledge […]
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by Adeola Soetan The most stupid explanation of the Naira crisis is that “Emefiele is a PDP man, he’s using the Naira crisis to punish APC government because he collected APC form with N100m to become president and since he lost the huge sum, he wants to use the Naira redesigning to make APC lose […]
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The Central Bank of Nigeria (CBN) on October 26, 2022, announced its policy to redesign Naira notes of N1,000, N500, and N200 denominations. Despite the support and condemnations it received from critical stakeholders in the country, the CBN got the solid backing of President Muhammadu Buhari. A Financial Analyst and Director, at Timpitals Limited, Rotimi […]
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Experts have said the 14 per cent interest rate by the Central Bank of Nigeria (CBN) will worsen the country’s economy rather than control inflation. CBN on Tuesday raised the Monetary Policy Rate (MPR), known as the interest rate, by 100 basis points to 14 per cent, thereby tightening its monetary policy measures. After its […]
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