The eleven Electricity Distribution Companies (DisCos) in Nigeria obtained a combined N273.34 billion loan from the Central Bank of Nigeria to purchase 414,000 meters and enhance...
The Central Bank of Nigeria (CBN) has clamped down on how banks can utilize foreign exchange (FX) revaluation gains. In a recent directive, the CBN emphasized...
In a bid to fight against the food insecurity in the country and cushion the effect of rising prices of food in the country, the Central...
The Presidency has claimed that the signature of previous President Muhammadu Buhari was absent from many clearances for the flow of cash within the Central Bank...
Leading global business intelligence and market insight provider, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the liquidity to support...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the N22.7tn printed by the Central Bank of Nigeria through Ways and...
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) operators in the country. The CBN’s Acting Director of Corporate...
The Central Bank of Nigeria (CBN) has assured that the remainder of banks’ FX backlogs would be cleared in the next few days. The governor of...
The Senate has approved four nominees out of five from President Bola Tinubu to serve on the Board of Directors of the Central Bank of Nigeria,...
The Senate is considering sweeping reforms in the administration and function of the Central Bank of Nigeria by amending the CBN Act, 2007. Some of the...
In a move to stabilize the naira and narrow the gap between the official and unofficial foreign exchange rates The Central Bank of Nigeria (CBN) has...
The Centre for the Promotion of Private Enterprise (CPPE) has advised the Central Bank of Nigeria (CBN) to peg the customs duty exchange rate at N1000\$1...
The Central Bank of Nigeria (CBN) has directed the Nigerian Customs Service (NCS) to adopt the same forex rate for importation and clearance of goods in...
Central Bank of Nigeria (CBN) Governor Dr. Olayemi Cardoso on Thursday, Nigerians to remain patient as the bank works to tackle the depreciation of the Naira....
The Special Adviser on Information & Strategy to President Bola Tinubu, Mr Bayo Onanuga has called on the Economic and Financial Crimes Commission (EFCC) and the...
The Central Bank of Nigeria (CBN) has again, for the umpteenth time, increased the rate for Customs duty exchange to N1,605.82/$1. This development is coming less...
Embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has threatened to sue Senate President, Godswill Akpabio, for allegedly making what he calls...
The Aso Rock Presidential Villa, the Central Bank of Nigeria and the Defence Headquarters, amongst other government ministries, departments and agencies (MDAs) are owing the Abuja...
Global credit rating agency, Fitch Ratings, has cautioned the Federal government over the proposed establishment of the foreign currency gateway bank recently announced by the Central...
In a bid to boost liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has scrapped the issuance of cash for Personal and...
The House of Representatives on Thursday urged the Federal Ministry of Finance and the Central Bank of Nigeria (CBN) to provide notice to Nigerians before altering...
Amid the uproar that greeted the recent relocation of the Federal Airport Authority of Nigeria (FAAN) headquarters and some departments of the Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) has increased the exchange rate for Nigeria Customs Service (NCS) import duty rate at the nation’s seaports. The rate was...
Ahead of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) slated for February 26-27, 2024, leading investment banking firm, Comercio Partners...
For the 4th time in 10 days, the Central Bank of Nigeria (CBN) has raised the exchange rate for calculating Customs import duties rate at the...
The Nigerian National Petroleum Company (NNPC) Limited and the Central Bank of Nigeria (CBN) have reviewed the framework on the planned domicile of the significant portion...
The Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, on Tuesday revealed measures deployed by the apex bank to address the foreign exchange crisis in the...
The Central Bank of Nigeria (CBN) has blamed the freefall of the naira on the huge sum of $39.6bn spent by Nigerians on foreign education and...
It is not just the menace of insecurity in the land that has been in the news in Nigeria, the economy too, and indeed the latter...
In a swift response to widespread online speculation, the Central Bank of Nigeria (CBN) has vehemently denied plans to forcefully convert $30 billion from Nigeria’s domiciliary...
A former Vice-President, Atiku Abubakar has faulted a directive by President Bola Ahmed Tinubu that the Nigeria National Petroleum Company Limited (NNPCL) should henceforth pay proceeds...
The naira failed to immediately respond to the various measures put in place by the Central Bank of Nigeria as it dipped slightly against the dollar...
The Central Bank of Nigeria (CBN) has removed the allowable limit of exchange rate quoted by the International Money Transfer Operators (IMTOs). The CBN’s Director of...
The Central Bank of Nigeria (CBN) on Wednesday issued fresh directives to commercial banks in the country to check suspected cases of excessive foreign exchange speculation...
The Central Bank of Nigeria (CBN) has disclosed that all verified foreign exchange (FX) claims by airlines have been concluded with the payment of additional $64.44...
The Central Bank of Nigeria (CBN) has reiterated its commitment towards settling all legitimate foreign exchange backlogs within a short time frame. To this effect, the...
A former Governor of the Central Bank of Nigeria(CBN), Sanusi Lamido Sanusi has backed the planned relocation of some departments of the apex bank from Abuja...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that the apex bank was working to reduce the headline inflation rate to...
Yekini Nabena, a former Deputy National Publicity Secretary of the All Progressives Congress (APC), has ignited a debate within the party and beyond after urging President...
Again, the Federal Government, on Thursday morning, amended the charges against the embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The new...
The Central Bank of Nigeria (CBN) has resolved to prosecute forex defaulters in the country. The apex bank’s Acting Director of Communication, Mrs. Sidi Ali, disclosed...
The Central Bank of Nigeria (CBN) has granted Access Holdings Plc, the parent company of Access Bank, a preliminary clearance to establish Oxygen X Finance Company...
Twenty-one days before the expiration of the Central Bank of Nigeria’s (CBN) deadline for bank customers to have Bank Verification Number, BVN updated to their accounts...
Few hours after dissolving the Board of Directors and the Management of Union Bank, Keystone, and Polaris banks, the Central Bank of Nigeria (CBN), has appointed...
The Central Bank of Nigeria (CBN) has released $61.6 million to foreign airlines through various Deposit Money Banks (DMBs). The CBN’s Acting Director of Corporate Communications,...
The Economic and Financial Crimes Commission (EFCC) has reportedly summoned some officials of the Dangote Group to Abuja to come along with detailed documents on foreign...
The Central Bank of Nigeria (CBN) has issued a directive barring cash withdrawals from accounts opened for virtual and digital assets transactions. Rather, operators of the...
The acquisition of Union Bank PLC and Titan Trust Bank (TTB) which is still pending the required regulatory approval now appears to be faced with uncertainty....
Tropical General Investment Group, the majority owner of Titan Trust and Union Banks has kicked against the report of the special investigation into the activities of...
The embattled immediate past Governor of the Central Bank of Nigeria (CBN) has opened up on the report of Jim Obaze, the CBN investigator appointed by...