Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 the Central Bank of Nigeria (CBN) has ordered deposit money banks in the country...
The Central Bank of Nigeria (CBN) has said that banks loans to the private sector and the government declined by N24t trillion in March this year....
In a move aligning with the Central Bank of Nigeria’s (CBN) recent stance, several fintech companies have issued warnings to their customers regarding cryptocurrency trading. These...
Four Financial Technology Companies (Fintechs) have come under the hammer of the Central Bank of Nigeria (CBN) over allegation of their accounts being used for illicit...
The Central Bank of Nigeria (CBN), on Monday reiterated its position that about $2.4 billion out of the claimed backlog of $7 billion forex claims were...
As the Nigerian official currency, the naira continues to fluctuate in va the Central Bank of Nigeria (CBN), has again raised the exchange rate for paying...
There seems to be no end in sight for the troubles the embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele is contending...
Amid a depleting foreign exchange FX reserve, the Central Bank of Nigeria has announced the resumption of sales of dollars to Bureau De Change operators (BDCs)....
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has advised Nigerians to expect an up and down movement in the rate of the...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has disclosed that President Bola Tinubu’s government has not borrowed money from the Central...
In an attempted defence of the decision of the Central Bank of Nigeria, (CBN) to defend the domestic currency, the naira, the governor of the apex...
A staff of the Central Bank of Nigeria (CBN), Mr. Monday Osazuwa, on Friday, told the Lagos Special Offences Court, Ikeja, how the apex bank’s former...
The Association of Bureau de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to direct non-oil exporters to hold foreign currencies...
Senate Leader, Opeyemi Bamidele has predicted a significant fall in the rate of inflation in the country by the middle of 2024, citing current economic indices....
Some days after a meeting of the Monetary Policy Committee, where the interest rate was increased to 24.75 per cent, the Central Bank of Nigeria issued...
The Central Bank of Nigeria, CBN has disclosed that it expects a massive inflow of Foreign Direct Investment, FDIs, with foreign investors taking positions in Nigerian...
The Central Bank of Nigeria (CBN) has banned the use of foreign currencies as collaterals for naira loans. The CBN gave the directive in a circular...
In continuation of its defence of the naira against the dollar, the Central Bank of Nigeria (CBN) Monday announced the sales of foreign exchange (FX) to...
Following the resumption of sales of dollars to Bureau De Change (BDCs) operators in a bid to defend the domestic currency against the dollar, Nigeria’s foreign...
President Bola Tinubu has commended Mr. Jim Obazee for his services as the Special Investigator of the Central Bank of Nigeria (CBN) and other related entities....
As banks in Nigeria begin the process of recapitalization, an economic think-tank, the Centre for the Promotion of Private Enterprise (CPPE) has tasked the Central Bank...
The Central Bank of Nigeria (CBN) said on Thursday the sum of $1.5 billion was injected into the Nigerian economy in the last few days. The...
The Central Bank of Nigeria (CBN) has resolved to deploy law enforcement agencies to monitor the recapitalisation process in the banking sector. The apex bank on...
The Central Bank of Nigeria (CBN) has raised the minimum capital base for commercial banks with international standing to N500 billion. The CBN’s Acting Director of...
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) in the country to expedite action to increase their capital base from the current...
The Central Bank of Nigeria (CBN), on Tuesday after the two-day Monetary Policy Committee (MPC) meeting, again, raised its benchmark interest rate again by 200 basis...
The Central Bank of Nigeria (CBN) has sold $10,000 to all eligible Bureau De Change (BDC) operators in the country at the rate of N1,251/$1. In...
The claims by the Central Bank of Nigeria (CBN) that it has successfully cleared all outstanding foreign exchange (FX) backlogs have been disputed by foreign airlines...
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of $7 billion have now been settled3,The Central Bank of Nigeria (CBN)...
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...
