Bank recapitalisation: Senator asks CBN to engage N’Assembly, others
The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Tokunbo Abiru, has called on the Central Bank ...
Friday, January 10, 2025
Tag: CBN
CBN edges towards free float of naira with discontinuation of cap on forex transactions
The Central Bank of Nigeria (CBN) has announced significant reforms in the foreign exchange market, signalling a move towards a ...
Bank directors back CBN over sale of excess dollars
Bank Directors Association of Nigeria says it is supportive of a directive by the Central Bank of Nigeria asking commercial ...
CBN’s Strategic Moves to Salvage Naira Face Scrutiny
Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) recently acknowledged the undervaluation of the naira and pledged to ...
CBN Denies Plans to Convert Domiciliary Accounts to Naira Amid Currency Concerns
The Central Bank of Nigeria (CBN) has categorically stated that it has no intentions of converting domiciliary account holdings valued ...
FX Crisis: Cargo Clearance Exchange Rate Surges by 4.4% to N1413.6/$ in 24 Hours
In a surprising turn of events, the exchange rate for cargo clearance experienced a substantial surge, reaching N1413.6/$ just 24 ...
Surge in Currency Circulation: N890 Billion Increase in 3 Months Under Cardoso’s Tenure
In three months, from September 2023 to December 2023, the Central Bank of Nigeria (CBN) reports a substantial surge in ...
CBN fixes $1m as capital requirements for international money transfer operators
The Central Bank of Nigeria, CBN, has fixed $1m as the minimum share capital requirement for International Money Transfer Operators ...
CBN, foreign airlines differ over $700m trapped fund
The Central Bank of Nigeria and foreign airlines operating in Nigeria have differed over the total amount of unpaid ticket ...
Sanusi Lamido Sanusi Supports Relocation of CBN Departments to Lagos
Former Central Bank of Nigeria (CBN) governor Sanusi Lamido Sanusi has supported relocating five CBN departments from Abuja to Lagos. ...
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