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Central Bank of Nigeria Announces $20,000 Sale to Bureau De Change Operators The Central Bank of Nigeria (CBN) has announced its decision to sell $20,000 to...
Corporate Affairs Commission Sets Deadline for PoS Operators: Compliance Urged The Corporate Affairs Commission (CAC) has issued a reminder to Point of Sale (PoS) operators across...
Nigeria’s PMI Report Signals Economic Recovery After Long Contraction The Central Bank of Nigeria’s Purchasing Managers’ Index (PMI) report for August 2024 has revealed a significant...
Nigeria’s Debt Servicing Hits $2.78 Billion in First Seven Months of 2024 Amid Growing Concerns Nigeria’s debt servicing costs have soared, with the Central Bank of...
Nigeria’s Letter of Credit Payments Plunge by 57% in First Seven Months of 2024 Amid Forex Crisis Nigeria’s Letter of Credit (LC) payments witnessed a significant...
CBN Report Warns of Rising Financial Strain: Nigerians May Turn to Borrowing as Inflation Surges A recent report from the Central Bank of Nigeria (CBN) has...
CBN Warns Against Black Market: Dollar To Naira Exchange Rates Soar Dollar to Naira Exchange Rate Today What is the current Dollar to Naira exchange rate...
Black Market Dollar Soars To N1593 Despite CBN InterventionsWhat is the Dollar to Naira exchange rate at the black market, also known as the parallel market...
Naira’s Bleak Outlook: Black Market Exchange Rate For Dollar To Naira On May 13, 2024Recent reports from Bloomberg have highlighted Nigeria’s currency, the naira, as the...
Civil Society Groups Sue CBN Over Cybersecurity Levy: A Fight For Citizens RightsThe Socio-Economic Rights and Accountability Project (SERAP), BudgIT, and 136 concerned Nigerians have lodged...
CBN Suspends Charges On Cash Deposits, Introduces Cybersecurity LevyIn a bid to ease financial burdens on customers, the Central Bank of Nigeria (CBN) has announced the...
CBN Sets Deadline For Pos Operators’ Registration: Fintech Industry Braces For ComplianceThe Central Bank of Nigeria (CBN) has announced a two-month deadline for Point of Sales...
16 CBN-Licensed Loan App Companies Powering Nigeria’s Digital Lending Landscape The digital lending sphere in Nigeria has seen remarkable expansion, with numerous licensed loan app companies...
CBN Sells Fresh Dollars To BDC Operators At ₦1,021/$1 The Central Bank of Nigeria (CBN) has informed Bureau De Change (BDC) operators about the sale of...
‘Anticipate Fluctuations’ – CBN Governor Addresses Dollar To Naira Exchange Rate Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has advised Nigerians to...
CBN Governor Clarifies Stance: No Intention To Defend Naira Amid Declining Reserves Governor Olayemi Cardoso of the Central Bank of Nigeria (CBN) has addressed recent concerns...
CBN Employee Testifies: Collected Over $1 Million In Cash For Emefiele Without Any Reward Monday Osazuwa, an employee of the Central Bank of Nigeria (CBN), revealed...
CBN Sets Exchange Rates For Euro, Pounds, And Other Currencies In an effort to steer Nigeria’s economy towards stability, the Central Bank of Nigeria (CBN) under...
CBN Sells $10,000 To BDCs at N1,101/$, Implements Narrower Exchange Rate Spread In a recent development, the Central Bank of Nigeria (CBN) has announced the sale...
CBN Sells N676.65 Billion In OMO Auction To Manage Money Supply Central Bank Leverages Interest Rates to Regulate Liquidity In its effort to regulate the money...
CBN Reports Inflow Of Over $1.5 Billion Into Nigeria’s Economy The Central Bank of Nigeria (CBN) has announced a significant inflow of over $1.5 billion into...
Banking Evolution CBN Raises Capital Requirements, Sparking Merger Talks In a move signaling a significant shift in Nigeria’s banking landscape, the Central Bank of Nigeria (CBN)...
Former CBN Deputy Governor Kingsley Moghalu Dispels Naira Fantasy ‘Dreaming Of N400 To Dollar Is Unrealistic’ In a bold assertion that echoes across economic corridors, former...
CBN Lifts Forex Restriction On Importation Of Dairy Products The Central Bank of Nigeria (CBN) has announced the lifting of restrictions on the importation of milk...
CBN Directs Banks To Manage Foreign Exchange Prudently The Central Bank of Nigeria (CBN) has issued a fresh directive to banks, instructing them not to utilize...
CBN Donates N100 Billion Worth Of Fertilizers To Farmers In a bid to alleviate the burden of rising food prices and bolster agricultural productivity, the Central...
CBN Raises Alarm On Nigeria’s Debt Practices, Urges Caution Amid Shift In Borrowing Trends The Central Bank of Nigeria (CBN) has issued a cautionary warning to...
CBN Successfully Concludes Sale Of N1 Trillion Government Securities The Central Bank of Nigeria (CBN) has announced the successful completion of a government securities sale, issuing...
Senate Summons CBN Officials Over N30 Trillion Loans The Senate has announced its intention to summon officials from the Central Bank of Nigeria (CBN) to provide...
CBN Act Amendment Bill, Including Limit On Ways and Means, Advances After Second Reading In Senate The bill seeking to amend the Central Bank of Nigeria...
CBN To Impose Sanctions On Banks, Says Governor Cardoso In a bid to overhaul Nigeria’s banking sector, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has...
Just In: CBN Initiates Dollar Sales To Bureau De Change Operators In a significant policy shift, the Central Bank of Nigeria (CBN) has announced its decision...
CBN Sells Over $300m To Banks As Naira Gains The Central Bank of Nigeria (CBN) has injected over $300 million into Deposit Money Banks (DMBs) in...
CBN Sets Limits On Dollar Purchase From BDCs, Introduces New Guidelines The Central Bank of Nigeria (CBN) has implemented restrictions on foreign exchange (FX) sales by...
CBN Sets Fixed Exchange Rate For Import Duty Payments The Central Bank of Nigeria (CBN) has established fixed duty rates to be paid by importers to...
Breaking News: CBN Raises Exchange Rate For Cargo Clearance To N1,605 per Dollar The Central Bank of Nigeria (CBN), acting on behalf of the Federal Government,...
CBN Optimistic About FX Market Reforms • Foresees Naira Stability at N1,500/$ Comercio Partners Limited, an investment banking firm, has sounded a note of caution against...
CBN To Cease Providing Ways And Means Advances To FG, Says Cardoso Dr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has announced the...
CBN Upholds Naira-Dollar Exchange, Inflation Rate, In Senate Discussion [Insights] Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), staunchly defended the institution on...
CBN’s Errors Led To Naira Depreciation, Says Utomi Political economist Pat Utomi asserts that the declining value of the naira is partly due to mistakes made...
Ndume Clarifies Stance On CBN, FAAN Movement Amid Accusations Borno South Senator, Ali Ndume, has dismissed accusations of being an ethnic bigot following his opposition to...
Economy: CBN Governor, Finance Minister, Others Summoned To Appear Before House Of Reps Today The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, is...
CBN Commands Banks To Sell Excess Dollars Within 24 Hours This move, disclosed in a circular released on Wednesday, is part of the CBN’s broader strategy...
CBN, FAAN Relocation: Senator Ndume Fires Back At Critics, Insists On Telling Truth Senator Ali Ndume, the Chief Whip of the Senate, has stood firm in...
Senator Ali Ndume, the Chief Whip of the Senate, has expressed his determination that there will be political repercussions if President Bola Tinubu does not intervene...
Amidst revenue pressures facing the 2024 national budget, the Federal Government, FG, has indicated that it would no longer allow Central Bank of Nigeria, CBN, to...
The move is expected to not only optimize the work environment but also align the bank’s structure with its functions and objectives…..CONTINUE READING The objective is...