Nigeria’s External Reserves Rise to $35.05 Billion Nigeria’s external reserves have increased once again, reaching $35.05 billion as of July 8, 2024. This figure, derived from the Central Bank of Nigeria’s (CBN) external reserve data and analyzed by Nairametrics, marks the highest level since May 30, 2023, when reserves stood at $35.09 billion. Excel Magazine…
Concerns, Questions Arise as CBN Sacks Another 40 Directors The Central Bank of Nigeria (CBN) has taken further steps in its ongoing restructuring by terminating the employment of 40 staff, primarily from the development finance department (DFD), according to an authoritative report from Daily Trust. Details regarding the affected individuals remain limited due to the…
BREAKING: CBN increases cash withdrawal limits A report on Thursday morning revealed that the central Bank of Nigeria (CBN), has increased its weekly cash withdrawal limits for individuals and corporate organisations to N5000,000 and N5 million, respectively. The limit which was set earlier at N100,000 for individual withdrawal, while corporate organisations were set at N500,000…
BREAKING: Nigeria Gets New Naira Notes President Muhammadu Buhari has unveiled the redesigned naira notes of N200, N500 and N1000 at the Council Chamber of the Presidential Villa Abuja on Wednesday. The unveiling, Excel Magazine International was told preceded the virtual meeting of the Federal Executive Council (FEC) with a number of cabinet members in…
CBN Survey Reveals Low Confidence In Nigeria’s Economy By Ejiogu Paul The Central Bank of Nigeria (CBN) September Survey has shown that Businness organizations lacked confidence in the economy. This was disclosed by the Statistics Department of Central Bank of Nigeria (CBN), in its ‘September 2020 Business Expectations Survey Report.’ Part of the report…