rate

BREAKING: CBN Raises Exchange Rate For Cargo Clearance To N1,605 Per Dollar

Feb 21, 2024. by Praise Ben

EKO HOT BLOG reports that the Central Bank of Nigeria (CBN), on behalf of the Federal Government, has again increased the exchange rate for cargo clearance to N1,605 per Dollar. Naija News understands that this adjustment follows recent fluctuations, with the rate initially rising to N1,515/$, then dropping to N1,472/$. Since January, there have been several … Read more

CBN Raises Interest Rate To 18.75%

Jul 26, 2023. by Praise Ben

EKO HOT BLOG reports that the Monetary Policy Committee of the Central Bank of Nigeria (CBN) has announced its intention to increase the benchmark interest rate by 25 basis points to 18.75 per cent. The Acting CBN Governor, Folashodun Shonubi made the disclosure while reading the communiqué of the fourth MPC meeting of the year … Read more