• About Us
  • Advertise with Us
  • Contact Us
Sunday, October 1, 2023
GoldenNewsNG
No Result
View All Result
  • Home
  • News
    Mr Macaroni Carpets Police Over ‘Expensive Phone Saga’

    Mr Macaroni Carpets Police Over ‘Expensive Phone Saga’

    Major Highlights Of Independence Speech By President Tinubu

    Major Highlights Of Independence Speech By President Tinubu

    Update: Dollar to Naira Exchange Rate Crashes To N810, See Black Market Rate

    Update: Dollar to Naira Exchange Rate Crashes To N810, See Black Market Rate

    Government Seals Access Bank Over Non-Payment Of Tax

    Government Seals Access Bank Over Non-Payment Of Tax

    PFN President Reacts To Installation Of Jimmy Odukoya As New Head Pastor, Wonders If Anointing Can Flow Through Him?

    PFN President Reacts To Installation Of Jimmy Odukoya As New Head Pastor, Wonders If Anointing Can Flow Through Him?

    Protesters Storm INEC Office In Imo, Demand Replacement Of REC

    Protesters Storm INEC Office In Imo, Demand Replacement Of REC

    Trending Tags

    • Commentary
    • featured
    • Event
    • Editorial
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
  • Home
  • News
    Mr Macaroni Carpets Police Over ‘Expensive Phone Saga’

    Mr Macaroni Carpets Police Over ‘Expensive Phone Saga’

    Major Highlights Of Independence Speech By President Tinubu

    Major Highlights Of Independence Speech By President Tinubu

    Update: Dollar to Naira Exchange Rate Crashes To N810, See Black Market Rate

    Update: Dollar to Naira Exchange Rate Crashes To N810, See Black Market Rate

    Government Seals Access Bank Over Non-Payment Of Tax

    Government Seals Access Bank Over Non-Payment Of Tax

    PFN President Reacts To Installation Of Jimmy Odukoya As New Head Pastor, Wonders If Anointing Can Flow Through Him?

    PFN President Reacts To Installation Of Jimmy Odukoya As New Head Pastor, Wonders If Anointing Can Flow Through Him?

    Protesters Storm INEC Office In Imo, Demand Replacement Of REC

    Protesters Storm INEC Office In Imo, Demand Replacement Of REC

    Trending Tags

    • Commentary
    • featured
    • Event
    • Editorial
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
No Result
View All Result
Golden News
No Result
View All Result
  • Home
  • News
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
Home business

Naira Scarcity : Latest CBN News Today 11th April 2023

Enudi Golden by Enudi Golden
April 11, 2023
in business, Headline, News
Reading Time: 3 mins read
Naira Scarcity : Latest CBN News Today 11th April 2023
2.8k
SHARES
FacebookShareTwitterShareWhatsappShareTelegramShare

Following the Naira Scarcity in Nigeria, GoldenNewsNg has compiled Latest CBN News and Update on Naira Notes Today 11th April 2023.

CBN lists gains of naira redesign

The Central Bank of Nigeria (CBN) has stated that the recent redesign of some Naira denominations is positively impacting the country’s economy, supporting macroeconomic fundamentals, moderating inflation, and increasing financial inclusion rates.

The policy is in line with international best practice and has also helped security agencies combat banditry and ransom-taking in the country.

READ ALSO

Lapo Personal Loan – How to Get A personal Loan from Lapo

Mr Macaroni Carpets Police Over ‘Expensive Phone Saga’

The CBN is encouraging Nigerians to embrace alternative payment channels, such as eNaira, USSD, and internet banking facilities, as the world moves towards alternative payments.

Under the Anchor Borrowers’ Programme (ABP), the bank has sponsored over 4.6 million smallholder farmers across 21 agricultural commodities on 6.02 million hectares of farmland.

The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) commended the CBN for its policy measures to ensure stability in the economy, particularly in the financial and banking sectors

Currency risk: Firm dumps naira for dollar

Nigerian aviation firm, Falcon Aerospace Limited, has adopted the US dollar as its transaction currency to protect itself from the risks associated with the Nigerian naira. Its CEO, Chukwuerika Achum, said the company’s services are priced in dollars as it provides a natural hedge against currency devaluations. Falcon Aerospace has launched technology platforms – Vivajets, CharterXE, and FlyPJX – to ease business jet booking and promote inclusive access to its services. The firm has focused on meeting increased demand for business aviation in Africa by non-African and African customers. The company aims to “democratize” business aviation and make the service accessible and affordable to more people.

How Resurfacing Of Naira Notes Might Be Fuelling Resurgence Of Insecurity

 

CBN Set to Close Millions of Bank Accounts in GTB, Access, Zenith, First Bank, and Others- See Reasons

 

The Central Bank of Nigeria (CBN) has recently made an announcement to address the increasing incidents of fraud in the financial sector. As part of their efforts to combat this problem, the CBN has planned to close millions of bank accounts that are not linked to a Bank Verification Number (BVN).

CBN tight monetary policy affecting banks’ profits, says operator

The CEO of Cowry Asset Management, Johnson Chukwu, has said that more Nigerian banks will pursue cross-border expansion due to the Central Bank of Nigeria’s adoption of a hawkish monetary stance.

The CEO explained that the hike in the benchmark interest rate has led to higher lending yields and consequently eaten into banks’ net interest margins, spurring Nigerian banks to move into other African markets to benefit through risk diversification and greater profit opportunities for shareholders.

The adoption of Holdco structures by many local lenders will help swathe the increasing competition from fintech and diversify their earnings in the face of the present tight monetary policy regime, thus enhancing their topline.

The banking sector has seen an upsurge due to the increase in transactions electronically and through several payment options.

Related Posts

Lapo Personal Loan – How to Get A personal Loan from Lapo
LOAN & INVESTMENT

Lapo Personal Loan – How to Get A personal Loan from Lapo

Mr Macaroni Carpets Police Over ‘Expensive Phone Saga’
News

Mr Macaroni Carpets Police Over ‘Expensive Phone Saga’

Major Highlights Of Independence Speech By President Tinubu
News

Major Highlights Of Independence Speech By President Tinubu

Dollar to Naira Exchange Rate Today 1st October 2023 - Black Market & CBN Rate
business

Dollar to Naira Exchange Rate Today 1st October 2023 – Black Market & CBN Rate

Update: Dollar to Naira Exchange Rate Crashes To N810, See Black Market Rate
business

Update: Dollar to Naira Exchange Rate Crashes To N810, See Black Market Rate

100 Happy New Month Of October Messages For Friends, Lovers & Loved Ones
General Information

100 Happy New Month Of October Messages For Friends, Lovers & Loved Ones

Next Post
FRSC Recruitment 2023 Registration Portal | www.frsc.gov.ng

FRSC Recruitment 2023 Has Commenced | See Link to Apply

Leave a ReplyCancel reply

JUST IN

Lapo Personal Loan – How to Get A personal Loan from Lapo

Lapo Personal Loan – How to Get A personal Loan from Lapo

Mr Macaroni Carpets Police Over ‘Expensive Phone Saga’

Mr Macaroni Carpets Police Over ‘Expensive Phone Saga’

Major Highlights Of Independence Speech By President Tinubu

Major Highlights Of Independence Speech By President Tinubu

Dollar to Naira Exchange Rate Today 1st October 2023 - Black Market & CBN Rate

Dollar to Naira Exchange Rate Today 1st October 2023 – Black Market & CBN Rate

Update: Dollar to Naira Exchange Rate Crashes To N810, See Black Market Rate

Update: Dollar to Naira Exchange Rate Crashes To N810, See Black Market Rate

100 Happy New Month Of October Messages For Friends, Lovers & Loved Ones

100 Happy New Month Of October Messages For Friends, Lovers & Loved Ones

100 Happy New Month Of October Messages For Friends, Lovers & Loved Ones

100 Happy New Month Of October Messages For Friends, Lovers & Loved Ones

Government Seals Access Bank Over Non-Payment Of Tax

Government Seals Access Bank Over Non-Payment Of Tax

EFCC: Access Bank, Emee Oil CEO Battle N4.4bn Fraud Scandal

EFCC: Access Bank, Emee Oil CEO Battle N4.4bn Fraud Scandal

Top 10 Scholarships in Canada: Valued at $50,000 and Above

Top 10 Scholarships in Canada: Valued at $50,000 and Above

Follow us

Categories

  • Biafra
  • Big brother Titans
  • business
  • Crime
  • Education
  • Entertainment
  • Featured
  • General Information
  • Headline
  • Health
  • Insurance
  • Jamb & All Education News
  • Jobs
  • Lifestyle
  • LOAN & INVESTMENT
  • News
  • Npower
  • NYSC
  • Opinion
  • Politics
  • Relationship
  • Scholarship/ Opportunities
  • SPONSORED POST / GUEST POST
  • Sports
  • Technology
  • Tour
  • World News

Recent Posts

  • Lapo Personal Loan – How to Get A personal Loan from Lapo
  • Mr Macaroni Carpets Police Over ‘Expensive Phone Saga’
  • Major Highlights Of Independence Speech By President Tinubu
  • Dollar to Naira Exchange Rate Today 1st October 2023 – Black Market & CBN Rate
  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions

© 2022 Golden News

No Result
View All Result
  • Home
  • News
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology

© 2022 Golden News

YOU WANT LATEST UPDATES?

JOIN OUR TELEGRAM CHANNEL NOW
X