Cbn nigeria news today

Here are the latest news updates from Central Bank of Nigeria (CBN):

CBN News Today

  1. CBN Injects $210m into Foreign Exchange Market: The Central Bank of Nigeria (CBN) has injected $210 million into the foreign exchange market to boost the supply of dollars and stabilize the naira. The injection is part of the bank's efforts to maintain stability in the foreign exchange market and ensure a stable exchange rate. (Source: Vanguard)
  2. CBN to Introduce New Guidelines for Microfinance Banks: The CBN has announced plans to introduce new guidelines for microfinance banks in Nigeria. The new guidelines are aimed at strengthening the operations of microfinance banks and promoting financial inclusion in the country. (Source: ThisDay)
  3. CBN to Review Interest Rates: The CBN has hinted that it may review interest rates in the country to stimulate economic growth. The bank's governor, Godwin Emefiele, said that the review of interest rates is necessary to boost economic activity and reduce the cost of borrowing. (Source: Punch)
  4. CBN to Implement New Payment System: The CBN has announced plans to implement a new payment system in Nigeria. The new system, known as the National Payment System, is aimed at promoting electronic payment and reducing the use of cash in transactions. (Source: BusinessDay)
  5. CBN to Provide Funding for Small-Scale Farmers: The CBN has announced plans to provide funding for small-scale farmers in Nigeria. The funding is aimed at promoting agricultural development and improving food security in the country. (Source: Daily Trust)

Other News

  1. Nigeria's Inflation Rate Rises to 11.37%: Nigeria's inflation rate has risen to 11.37% in June, according to the National Bureau of Statistics (NBS). The rise in inflation rate is attributed to the increase in prices of food and other essential commodities. (Source: NBS)
  2. Nigeria's GDP Growth Rate Slows to 2.01%: Nigeria's GDP growth rate has slowed to 2.01% in the second quarter of 2022, according to the NBS. The slow growth rate is attributed to the decline in the agricultural sector and the impact of the COVID-19 pandemic on the economy. (Source: NBS)
  3. Nigeria's External Reserves Fall to $35.37bn: Nigeria's external reserves have fallen to $35.37 billion, according to the CBN. The decline in external reserves is attributed to the decline in oil prices and the impact of the COVID-19 pandemic on the economy. (Source: CBN)