CENTRAL BANK OF NIGERIA Archives - Global Upfront Newspapers

Soludo Defends Tinubu’s Performance, Says He “Inherited A Dead Economy”

Global UpfrontNov 24, 2023November 24, 20230

Governor Charles Soludo of Anambra State says the administration of President Bola Ahmed Tinubu “inherited a dead economy,” which accounts for the current state of

Naira Inches To N1000/$1 At Parallel Market, Sells For N925 In Kano, N917 In Abuja, N890 In Lagos

Global UpfrontAug 10, 2023August 10, 20230

The naira plunged to a record low of N925/$1 on the parallel market on Wednesday as demand for foreign currency outstripped supply. This is the

More Controversy As Importer Tells CBN , Naira Has Been Devalued, Tell The Truth

Global UpfrontJun 2, 2023June 2, 20230

Importers have condemned the Central Bank of Nigeria (CBN)’s over its denial that the Naira has been devalued. In an interview with BusinessDay, an importer,

Daily Trust Dares CBN On Devaluation Of Naira, Says ‘We Stand By Our Story’

Global UpfrontJun 2, 2023June 2, 20230

Nigeria’s leading newspaper, Daily Trust, has replied the Central Bank of Nigeria (CBN) over the cover page story of Thursday, June 1, 2023. The newspaper

CBN Devalues Naira To 630/$1 – Report

Global UpfrontJun 1, 2023June 1, 20230

The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E)

Nigeria’s Currency Redesign And Withdrawal Limits: Questionable Policy And Bad Timing

Global UpfrontJan 18, 2023January 18, 20230

By Stephen Onyeiwu The Central Bank of Nigeria launched new banknotes in November 2022. The new notes came into effect on 15 December 2022. The

Nigeria: CBN Bans Over-the-counter Withdrawal Of New Notes

Global UpfrontJan 7, 2023January 7, 20230

The Central Bank of Nigeria has ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of new naira notes again. Instead, the apex

Why Foreign Banks Are Absent In Nigeria

Global UpfrontAug 29, 2022August 29, 20220

By Lilac Nachum & Chris Ogbechie Nigeria’s banking sector is dominated by local players born out of state policy Privately owned Nigerian banks hold 94%

World Bank Accuse CBN Of Fuelling Nigeria’s Inflation With Its Intervention Funds

Global UpfrontJun 18, 2022June 18, 20220

The World Bank has accused the Central Bank of Nigeria (CBN) of fuelling Nigeria’s inflation with its intervention funds saying that in the short term,

Sign In To E-Naira As Naira Notes Will Soon Be Out Of Circulation, Says CBN Official

Global UpfrontMay 20, 2022May 20, 20220

The Central Bank of Nigeria CBN has said that paper currency will soon be out of circulation, urging market men and women to sign into