Nigeria recorded $11.11bn aggregate foreign exchange inflow in July and August, figures obtained from the Central Bank of Nigeria revealed. According to figures obtained from the CBN’s August economic report on ...
The Central Bank of Nigeria's (CBN) N123 billion power intervention project is anticipated to become operational by May 2024, barring any unforeseen changes. In August 2022, the CBN approved the ...
In a significant development, the Central Bank has declared that as of April 2024, all bank accounts lacking BVN and NIN will be tagged with "Post no Debit" (PND). This ...
The immediate past President of the Association of Issuing Houses of Nigeria, Ike Chioke, says the ongoing currency reforms of the Central Bank of Nigeria have presented both challenges and ...
The Nigerian naira exhibited strength against the dollar, closing at N831.47/$1 in the official market on November 29, 2023. This positive trend was in line with experts' expectations, who anticipated ...
The Central Bank of Nigeria (CBN) has affirmed the soundness of the Nigerian banking sector, stating that the banks are in good health amidst macroeconomic challenges. The announcement coincides with ...
Financial experts have cautioned the Nigerian government against hastily implementing the recapitalization of commercial banks, urging careful consideration of micro and macroeconomic indices before enforcing the policy. While acknowledging the ...
In a significant move, the Central Bank of Nigeria (CBN) has initiated tranche payments to 31 banks to clear the backlog of foreign exchange forward obligations swiftly. CBN Governor Yemi ...
In a pivotal announcement, CBN Governor Yemi Cardoso revealed a strategic shift in the Central Bank's approach to the Nigerian economy. The emphasis will now be on core monetary policies, ...
Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), is scheduled to unveil the apex bank's monetary policy thrust and economic outlook today, during the 58th Chartered ...
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