The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters’ (I&E) window. A top official of the apex bank, who told this medium that the report is completely false , warned[Read More…]
The Monetary Policy Committee of the Central Bank of Nigeria, on Wednesday, unanimously voted to increase its monetary policy interest rates to 18.5 per cent. The PUNCH reports in March that the MPC of the bank voted to increase the benchmark interest rate by 50 basis points to 18 per[Read More…]
The National Bureau of Statistics (NBS) disclosed on Wednesday that Nigeria’s Gross Domestic Product (GDP) growth declined to 2.31 per cent in the first quarter (Q1) of 2023. Ripples Nigeria learnt that the 2.31 per cent GDP growth fell below the 3.52 per cent reported in the fourth quarter (Q4)[Read More…]
The Central Bank of Nigeria (CBN) has revoked the operating licenses of 132 microfinance banks in the country, alongside those of four primary mortgage banks and three finance companies. This was disclosed in the official gazette of the Federal Government, which was published on the website of the CBN on[Read More…]
The Central Bank of Nigeria says the Bank Verification Number (BVN) issued in Nigeria remains for life and has no expiry date, as reported by a national newspaper. Its Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin said this in a statement on Wednesday. He said the claim was completely false and[Read More…]
The Central Bank of Nigeria (CBN) on Sunday said there are no plans to phase out the newly redesigned N200, N500 and N1,000 notes from circulation. The clarification follows what the apex bank described as ‘a fake news item circulating in the media’, particularly in the social media space, suggesting[Read More…]
The Central Bank of Nigeria (CBN) has debunked a fake recruitment portal, created in its name and inviting eligible Nigerians to submit job applications. CBN’s Acting Director, Corporate Communications Department, Dr Isa AbdulMumin, made this known in a statement on Thursday in Abuja. According to AbdulMumin, the attention of the[Read More…]
