Central Bank of Nigeria Stabilizes Foreign Exchange Market with $543.5 Million Sale
The Central Bank of Nigeria (CBN) has taken steps to reduce market fluctuations by selling $543.5 million to banks that ...
Tag: central bank
Naira Plunges N95.83 After Central Bank Raises Interest Rate
Nigeria's currency, the naira, dramatically declined yesterday by N95.83 on its official foreign exchange market, as the Central Bank of ...
Central Bank of Nigeria Warns of Risks to External Reserves
The Central Bank of Nigeria (CBN) has observed that by 2024/2025, the removal of fuel subsidies, lower import bills, and ...
Central Bank of Nigeria Directs Payment Service Providers to Track PoS Transactions
All Payment Service Providers have been directed by the Central Bank of Nigeria (CBN) to direct Point of Sale (PoS) ...
Egypt’s Central Bank Stands Still as Inflation Cools, but Growth Sputters
Egypt’s central bank is playing it safe again, keeping its overnight interest rates untouched on Thursday. The bank claims that ...
Fragile Ceasefire Under Threat: Libya’s Factions Clash Over Control of Central Bank
Libya's political landscape remains deeply divided between rival factions in the east and west of the country, contributing to ongoing ...
Libyan Central Bank Standoff Intensifies As Governor Refuses To Resign
A protracted standoff between competing factions vying for Libya's extensive oil revenues has intensified, as Sadiq Al-Kabir, the beleaguered Governor ...
Bangladesh Central Bank Deputies Step Down Following Protests
Four deputy governors of Bangladesh's central bank were compelled to step down on Wednesday after about 300-400 officials protested against ...
Peru’s Central Bank Expected to Maintain Interest Rate Amid Core Inflation
The Central Reserve Bank of Peru is expected to maintain its benchmark interest rate at 5.75% in its upcoming monetary ...
BIS Urges Central Banks to Exercise Caution in Interest Rate Cuts
The Bank for International Settlements (BIS) has cautioned central banks to set a "high bar" for interest rate cuts, emphasizing ...
Court Orders Final Forfeiture of Ex-Central Bank Governor’s Properties Worth N12.18 Billion
The Federal High Court in Lagos has ordered the final forfeiture of properties valued at N12.18 billion linked to Godwin ...
Asian Stocks Decline Amid Political Uncertainty and Central Bank Anticipation
Asian stocks fell as investors parsed the potential impact of political volatility in France and elsewhere, while awaiting policy decisions ...
Russian Central Bank Announces Chinese Yuan as Primary Foreign Currency
Moscow, Russia - The Central Bank of the Russian Federation (CBR) has officially designated the Chinese yuan as the primary ...
Russian Bank Collapse: Central Bank Revokes License of Major Lender
The Central Bank of Russia has revoked the license of one of the country's major banks, Russian Credit Bank, citing ...
European Central Bank Rate Cut Expected To Impact Euro Exchange Rate And Inflation
The European Central Bank (ECB) is anticipated to reduce borrowing costs, potentially impacting the euro exchange rate and inflation. This ...
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