Central Bank Of Nigeria To Raise Benchmark Rate Central Bank of Nigeria plans to raise benchmark interest rate to 24.75% to combat inflation and attract foreign investment. Top News · Mar 26, 2024
Nigeria's new foreign exchange policy is good news - but it can't work wonders for the economy on its own The Central Bank of Nigeria recently announced changes to the way the country’s foreign exchange market will work. Foreign currencies can now be bought and sold at rates determined by the market – not by the central bank. The Conversation · Jun 20, 2023
Nigeria: Protests at banks and ATMs amid ‘cash scarcity’ concerns Destroying ATMs, breaking into banks and setting up blockades in the street: angry protests erupted on February 15 in several cities across Nigeria as people struggle to get their hands on newly designed banknotes. Frustration is mounting as some citizens can’t purchase basic necessities amid widespread shortages of the new… France 24 · Feb 17, 2023
Nigeria’s currency redesign and withdrawal limits: questionable policy and bad timing The Central Bank of Nigeria launched new banknotes in November 2022. The new notes came into effect on 15 December 2022. The Conversation · Jan 17, 2023
Experts raise concerns as Nigeria limits cash withdrawals Experts raised concerns over a new policy announced by the Central Bank of Nigeria that heavily limits withdrawals of money in a push for a cashless economy The Independent UK · Dec 7, 2022
Nigeria has just hiked interest rates: why it's the wrong recipe for curbing inflation The Central Bank of Nigeria recently announced an increase in the interest rate, from 11.5% to 13%, a 1.5 percentage point hike that took effect immediately. The Conversation · Jun 5, 2022
Nigeria court denies Emefiele request in presidential run Ruling and opposition party members call for the resignation of the central bank governor who is running for president. Al Jazeera · May 9, 2022
Nigeria’s central bank chief to run for presidency in 2023 There’s been a multitude of interest from heavyweights and has-beens to succeed Muhammadu Buhari as Nigerian president. Al Jazeera · May 6, 2022