Cardoso Breaks Silence Here’s What Really Determines Nigeria’s Foreign ExchangeCBN Governor Olayemi Cardoso has clarified the real determinant of Nigeria’s foreign exchange rate, emphasizing that it...
The exchange rate between the US Dollar (USD) and the Nigerian Naira (NGN) continues to dominate financial conversations across the country. On 9th September 2024, many...
Dollar to Naira Exchange Rate for Black Market – 7th September 2024 Are you curious about the current Dollar to Naira exchange rates in the black...
Former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has taken legal action against the Federal Government’s recent court order for the forfeiture of his assets....
Banks’ borrowing from the Central Bank of Nigeria (CBN) has experienced a dramatic decline, plummeting by 76% to N4 trillion. This significant reduction reflects a major...
Dollar to Naira Exchange Rate Today: What You Need to Know If you’re keeping an eye on the dollar to naira exchange rates, here’s a snapshot...
Central Bank of Nigeria (CBN) has faced criticism for its inconsistent supply of U.S. dollars, a key factor in the ongoing struggle to stabilize the naira....
CBN Resumes Publishing Essential Economic Reports The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports. The CBN Governor, Yemi Cardoso said...
CBN Challenges Barbican’s FBNH Shareholding Claims The Central Bank of Nigeria has said that investment firm, Barbican Capital Limited, was only able to provide evidence to...
CBN Allocates Maximum FX To Zenith Bank, Access, FBN Holdings, And Seven Other Firms To address the mounting demand and stabilise the foreign exchange (FX) market, the...
Upcoming CBN Retail Dollar Sales Projected To Bolster Naira Value The plan by the Central Bank of Nigeria (CBN) to reintroduce the retail Dutch auction on...
New Import Duty Rate Per Dollar Set By CBN The Central Bank of Nigeria (CBN) has raised the exchange rate for cargo clearance at the nation’s...
CBN Slashes Dollar-Rate For Importers As Nigeria’s FX Reserves Hit $37.05-Billion In response to the naira’s appreciation, the Central Bank of Nigeria (CBN) has adjusted foreign...
CBN Data Reveals High Debt Burden On Nigeria’s Q1-Revenue Nigeria’s Central Bank released data highlighting a significant challenge for the government’s finances. In the first quarter...
Nigeria’s External Reserves Rise To $35.77bn, Reports CBN Nigeria’s external reserves increased to $35.77 billion on Thursday up from the $33.09 Billion at the end of...
CBN Resumes Dollar-Sales To Bureau De Change Operators After Suspension In a bid to address the persistent distortions in the foreign exchange market, the Central Bank of...
Update: CBN Infuses $122.67-Million Into FX-Market To Improve Liquidity The Central Bank of Nigeria (CBN) has injected a total of US$122.67 million into the foreign exchange...
Just In: 46-Authorized Dealers Receive $122.671-Million From CBN The Central Bank of Nigeria, CBN, has sold the sum of USD122,671,000.00 to 46 authorised dealers in its...
Breaking: CBN Provides Statement On Licence-Withdrawal For Unity Bank And Keystone-Bank The Central Bank of Nigeria (CBN) has denied reports about withdrawing the licences of Unity Bank and...
World Bank: CBN Interest Rate Hikes-Ineffective Against Inflation (View Details) The World Bank has expressed concerns regarding the effectiveness of the Central Bank of Nigeria’s monetary policy tightening...
CBN Reveals Decision Regarding-Revocation Of Fidelity, Wema, Polaris, And Unity Banks’ Licenses (Details) The Central Bank of Nigeria has said there is no plan to revoke...
Breaking: CBN Revokes Heritage Bank’s Operating-License (Full Details) The Central Bank of Nigeria (CBN) has revoked the operating license of Heritage Bank, a commercial bank in...
The Senate Committee on Banking, Insurance and other Financial Institutions on Tuesday postponed its public hearing on the Central Bank of Nigeria (CBN) Act (Amendment) Bill and...
The Association of Bureau De Change Operators has faulted the Central Bank of Nigeria’s fresh recapitalization requirements for its members amid the foreign exchange crisis….CONTINUE READING...
Court Upholds CBN’s Directive, Orders Banks To Collect Customer’s Social Media Handles Justice Nnamdi Dimgba of the Federal High Court, Lagos, has upheld a recent Central...
Just In: CBN Governor Signals Continuation Of High Interest Rates Until Inflation Subsides (Details) The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has...
Civil Society Organizations Take Legal Action Against CBN Regarding Cybersecurity Levy: Advocating For Citizens’ Rights The Socio-Economic Rights and Accountability Project (SERAP), BudgIT, and 136 concerned...
Currency Outside Banks Hits ₦3.87 Trillion, CBN Reports The Central Bank of Nigeria (CBN) has disclosed that the country’s circulating currency reached a total of ₦3.87...
CBN Removes Report On Alleged ₦3.8 Trillion Loan From Tinubu Government The Central Bank of Nigeria (CBN) has taken down data from its website, which reportedly...
CBN Hikes Customs Duty Rate As Naira Slumps Against US Dollar In Latest Exchange Rate The Central Bank of Nigeria (CBN) has adjusted the exchange rate...
CBN Sells Fresh Dollars To BDC Operators At ₦1,021/$1 The Central Bank of Nigeria (CBN) has informed Bureau De Change (BDC) operators of the sale of...
CBN Speaks On Selling Forex To BDCs At ₦1,001/$1 The Central Bank of Nigeria (CBN) has refuted claims suggesting that it sold Foreign Exchange (FX) to...
CBN Governor Clarifies Stance On Foreign Reserves And Naira Value Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has addressed concerns regarding the...
CBN Reduces Banks’ Loan-To-Deposit Ratio To 50% The Central Bank of Nigeria (CBN) has announced a reduction in the Loan-to-Deposit Ratio (LDR) of banks from 65%...
CBN Employee Testifies: I Handled Over $1 Million For Emefiele Without Any Reward During a session at the Ikeja Special Offences Court, Monday Osazuwa, an employee...
CBN Exchange Rate For Euro, Pounds, And Other Currencies In a concerted effort to steer Nigeria’s economy towards stability, the Central Bank of Nigeria (CBN), under...
Breaking News: CBN Bans Foreign Currency The Central Bank of Nigeria (CBN) has issued a directive prohibiting the use of foreign currency-denominated collaterals for Naira loans...
CBN Sells $10,000 To BDCs At N1,101/$, Directs Operators To Maintain 1.5% Spread The Central Bank of Nigeria (CBN) has announced the sale of dollars to...
CBN Cracks Down On Fraudulent Loan Apps: Full List Revealed The Central Bank of Nigeria (CBN) has taken bold steps to combat fraudulent financial practices by...
CBN Sells N676.65 Billion At OMO Auction in April The Central Bank of Nigeria (CBN) has conducted an Open Market Operation (OMO) auction, selling N676.65 billion...
CBN Reports Over $1.5 Billion Inflow, Naira Gains In Foreign Exchange Market The Central Bank of Nigeria (CBN) has announced a significant inflow of over $1.5...
CBN Increases Minimum Capital Base For Banks The Central Bank of Nigeria (CBN) has announced new minimum capital requirements for commercial, merchant, and non-interest banks. In...
CBN Successfully Clears $7 Billion FX Backlog As External Reserves Surge To $34.11 Billion In a significant development, the Central Bank of Nigeria (CBN) has announced...
CBN Issues Fresh Directive To Banks On Foreign Exchange Management The Central Bank of Nigeria (CBN) has issued a fresh directive to banks, instructing them not...
CBN Executes Historic Sale Of N1.3 Trillion Treasury Bills To Bolster Naira In a strategic move aimed at bolstering the Nigerian currency, the Central Bank of...
CBN Reports 443% Surge In Diaspora Remittances To $1.3 Billion In February The Central Bank of Nigeria (CBN) has announced a remarkable 443% increase in diaspora...
CBN Reports $2.3 Billion Influx In Nigeria’s Foreign Portfolio Investments In Two Months The Central Bank of Nigeria has revealed that foreign portfolio investments into Nigeria...
CBN Slashes FX Duty Rates To Boost Importer Confidence The Central Bank of Nigeria (CBN) has announced a significant reduction in the exchange rate used to...
CBN Invites Nigerians To Share Views On Interest Rates, Reserve Ratio Adjustments Central Bank Calls for Public Input Following Major Policy Decisions in Recent MPC Meeting,...
Breaking: CBN Auctions N1 Trillion In Fed Government Securities The Central Bank of Nigeria (CBN) has successfully conducted the sale of government securities, issuing an impressive...