The Central Bank of Nigeria (CBN) is facing a significant liquidity challenge in supporting the naira, with nearly $20 billion of its $33 billion in foreign reserves locked into various ...
The Central Bank of Nigeria (CBN) has announced a substantial surge in overseas remittances into the country, reaching $1.3 billion in February 2024, a significant increase from $300 million in ...
Financial experts are voicing concerns over the Central Bank of Nigeria's (CBN) recent decision to implement a hawkish monetary policy stance, resulting in a significant 22.75% increase in the interest ...
The Central Bank of Nigeria has said it would sell N1.64trn worth of treasury bills, for the second quarter of 2024. The apex bank made this known in the Treasury ...
The Lagos Chamber of Commerce and Industry has advised the Central Bank of Nigeria to focus on the primary factors causing high inflation in its monetary policy decisions. In a ...
In a startling revelation, it has been uncovered that Tony Elumelu, the renowned businessman and founder of Heirs Holdings, has defaulted on a staggering N41.5 billion loan with a hefty ...
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s banking system. He said this on ...
The Central Bank of Nigeria (CBN) has taken a decisive step to address the persistent distortions in Nigeria’s foreign exchange market, aiming to narrow the widening gap in exchange rates. ...
Lai Omotola, the Group Managing Director of CFL Group, has urged President Bola Tinubu to enact an executive order banning dollar cash transactions to salvage the naira from further depreciation. ...
The Nigerian Naira faces unprecedented challenges as its exchange rate against the US Dollar has plummeted to a historic low, nearing N1,700/$1 in the official market. Despite the Central Bank's ...
Copyright © 2025
