Tag: CBN

The Central Bank of Nigeria (CBN) has once again increased the exchange rate for imports, this time by 3.18 percent, reaching N1,515.092 per dollar at the start of business on ...

The naira appreciated slightly against the United States dollars at the Nigerian Autonomous Foreign Exchange Market on Thursday, closing at the rate of N1,498.25/$ from N1,503.38/$ recorded the previous day. ...

The Nigeria Deposit Insurance Corporation (NDIC) has announced a partnership with the Central Bank of Nigeria (CBN) to address potential banking system risks ahead of time. Mr Bello Hassan, Managing ...

President Bola Tinubu has written to the Senate requesting for screening and confirmation of five persons appointed as directors of the board of the Central Bank of Nigeria. The President’s ...

The Federal Government announced yesterday that it has issued a warrant for the arrest of Odoh Ocheme, a staff member of the Central Bank of Nigeria (CBN), along with two ...

The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Tokunbo Abiru, has called on the Central Bank of Nigeria to engage the National Assembly and critical stakeholders ...

The Central Bank of Nigeria (CBN) has announced significant reforms in the foreign exchange market, signalling a move towards a market-driven exchange rate mechanism and potentially paving the way for ...

Bank Directors Association of Nigeria says it is supportive of a directive by the Central Bank of Nigeria asking commercial banks to stop “hoarding’’ foreign currencies. The CBN had last ...

Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) recently acknowledged the undervaluation of the naira and pledged to work towards real price discovery in the foreign exchange market ...

The Central Bank of Nigeria (CBN) has categorically stated that it has no intentions of converting domiciliary account holdings valued at $30 billion into Naira. Mrs. Hakama Sidi-Ali, CBN's Acting ...