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BREAKING: Central Bank of Nigeria raises interest rate to 17.5%

January 24, 2023 Media Partner

The benchmark interest rate will be raised by 100 basis points to 17.5% by the Monetary Policy Committee of the Central Bank of Nigeria, CBN. This information was provided in…

Emefiele reveals why Naira will continue to Fall , says one ATM card scheme to start January 16.

November 28, 2022 Omajemite Don

Godwin Emefiele, CBN governor, blames the naira’s fall on the number of Nigerians studying abroad. He predicted a huge UK visa increase for Nigerians in 2023. Emefiele said the move…

Naira Redesign: UBA To Begin Operations on Saturdays For Cash Deposits

October 29, 2022 Jake Clifford

According to the United Bank for Africa UBA, Saturdays will be the start of business for cash deposits. This was revealed by the Bank in an email issued to…