Currency Devaluation Cuts Airtel Africa’s Revenue To $2.37bn In H1 2024
Airtel Africa’s revenue declined to $2.37 billion in the half-year ending September 30, 2024, due to the sharp depreciation of ...
Tag: Central Bank of Nigeria (CBN)
FG Exceeds Budget Deficit By 85% As MPC Seeks Fiscal Support Against Inflation
As the Central Bank of Nigeria (CBN) continues to adopt a tightening stance to curb rising inflation in the country, ...
Reps To CBN: Issue More Naira Notes, Withdraw Old Ones Before December 31
The House of Representatives has urged the Central Bank of Nigeria (CBN) to issue more new N200, N500 and N1,000 ...
CBN Records $600m Remittance Inflow Through IMTOs Reforms
Central Bank of Nigeria (CBN) has announced that its recent reformation of the International Money Transfer Operators (IMTOs) segment of ...
CBN Records $600m Remittance Inflow Through IMTOs Reform
The Central Bank of Nigeria (CBN) has announced that its recent reformation of the International Money Transfer Operators (IMTOs) segment ...
Nigeria’s Foreign Reserves Hit $39.12bn
The Nigerian foreign reserves has risen to US$39.12 billion, representing 12.74 per cent as of October 11, 2024 (last week ...
Naira Sinks To Record Low At N1,700 To $1 As Gap Widens
The value of the Naira hit an unprecedented low, closing at N1,700 to one US dollar in the parallel market ...
CBN, BOI, DBN Commit To Bridging N294bn Funding Gap For Women Entrepreneurs
The Central Bank of Nigeria (CBN), Bank of Industry (BOI), and Development Bank of Nigeria (DBN) have collectively pledged their ...
CBN Reassures Of Depositors Funds’ Safety In Banks
The Central Bank of Nigeria (CBN) has reassured of its commitment to ensuring the stability and reliability of the Nigerian ...
CBN Sells $543.5m Forex To Authorised Dealers In 11 Days
The Central Bank of Nigeria (CBN) sold a total of $543.5 million from September 6 to 30, 2024, to authorized ...
