The Central Bank of Nigeria has provided additional clarifications on the circular concerning the cash pooling of repatriated oil and gas export proceeds by international oil companies. The apex bank ...
A global collaborative effort involving the World Bank, the Food and Agriculture Organization of the United Nations (FAO), and the International Fund for Agricultural Development (IFAD) is set to deploy ...
The Central Bank of Nigeria (CBN) has instructed banks nationwide to impose a 0.5 percent cybersecurity levy on electronic transfers. Issued in a circular signed by Chibuzor Efobi and Haruna ...
The value of Nigeria’s currency in circulation has risen to N3.87tn at the end of March. According to the latest money and credit statistics on the website of the Central ...
Recent data analysis from the Central Bank of Nigeria (CBN) reveals a concerning trend: as of March 2024, an overwhelming 94% of the currency in circulation was held outside banks. ...
The Central Bank of Nigeria has expressed concern over the declining economic activities in the country. The CBN deputy governor of Corporate Services, Bala Bello, disclosed this in a statement ...
The Central Bank of Nigeria has again justified its reliance on the Loan Deposit Ratio to control the country’s rising inflation. The apex bank also said it is ready to ...
About $2.4bn out of the claimed backlog of $7bn forex claims were fictitious, the Deputy Governor of Corporate Services at the Central Bank of Nigeria, Mohammed Bello, has said. He ...
Bamidele A.G. Amoo, a member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has attributed the decline in Nigeria’s foreign exchange (FX) reserves primarily to ...
For the second time in two months, the Central Bank of Nigeria, CBN, reduced the exchange rate in the Bureaux De Change, BDC, segment of the currency market by 7.2 ...
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