Tag: Governor of the CBN
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Important Highlights From MPC 295th Annual Meeting
The Monetary Policy Committee concluded its annual 295th meeting on the 21st of May, 2024. Certain financial decisions were made, and what are the implications of these decisions to Nigerians, investors, and business owners? The decisions of the Monetary Policy Committee (MPC) are as follows: What are the implications of these decisions? The CBN prioritizes…
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FG Halts the Implementation of Cybersecurity Levy
Tinubu’s decision to halt the implementation of the cybersecurity levy is a welcome relief for many Nigerians who were concerned about the financial burden it would bring. The introduction of this levy had raised questions about the sensitivity of the present administration towards the struggles of its citizens. The CBN on May 6, 2024, issued…
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CBN to Clear Forex Obligation Backlog in Two Weeks, Plans Clampdown on Illegal operators
Nigerian businesses from manufacturers to importers, who have been on a long queue for dollars may have cause to heave a sigh of relief as the Central Bank of Nigeria (CBN) has announced plans to clear foreign exchange (Forex) backlog obligations in the next two weeks. Acting Governor of the CBN, Adebisi Shonubi at a…