Commenting on this development, Bagudu stated: “We chose democracy, and democracy has opportunity cost. We have seen budget shutdowns in advanced democracies, particularly the US, because...
Consequently, the gap between the official and parallel market exchange rates narrowed to N397.92 per dollar yesterday from N418.77 per dollar on Wednesday.
The CBN said, “Board and Management of Union Bank, Keystone Bank and Polaris Bank on Wednesday, January 10, the CBN has appointed new executives to oversee...
“The CBN assures the public of the safety and security of depositors’ funds and remains resolute in fulfilling its mandate to uphold a safe, sound and...
The CBN said: “Consumer credit outstanding increased, attributable to the need to cope with relative increase in the cost of living. Thus, consumer credit grew by...
“The CBN encourages the public to continue their regular activities without being alarmed by reports that have not emanated from the CBN about the health status...
The apex bank is supposed to operate within the ambit of laws without political interference. But for Emifiele's CBN, high politicians could dictate or impose policies...
Until 2023, the depositors trusted the banks. We habitually expect to collect cash when we reach the bank. Banking itself is basically based on trust. The...
The statement read: “The Trade Union Congress of Nigeria has watched with growing concern, alarm and dismay the sudden, inexplicable, acute scarcity of our currency, the...
“The CBN frowns at such inappropriate actions by certain individuals and is investigating the reported cases capable of undermining the smooth running of the economy.