Naira Strengthens to N1,514/$1 in Parallel Market Amid CBN’s Forex Policy Impact
The Nigerian naira continued its upward trend in the parallel market, appreciating to N1,514 per US dollar on Wednesday, February ...
Tag: CBN
CBN Directs Banks to Publish Details of Dormant Accounts and Unclaimed Balances Online
The Central Bank of Nigeria (CBN) has issued a new directive requiring banks and other financial institutions to publicly disclose ...
CBN Directs Bank Directors with Non-Performing Loans to Resign
In a bold move to strengthen corporate governance and mitigate financial risks, the Central Bank of Nigeria (CBN) has ordered ...
CBN Mandates Nigerian Banks to Reduce Insider Loans Within Six Months
In a significant move to strengthen corporate governance and curb excessive risk-taking, the Central Bank of Nigeria (CBN) has issued ...
CBN Assures Public of Keystone Bank’s Stability and Safety
The Central Bank of Nigeria (CBN) has reassured depositors and stakeholders that Keystone Bank remains financially stable and fully operational ...
Naira Strengthens in Parallel Market, Faces Pressure in Official Window
The Nigerian naira showed mixed performance across different exchange segments over the past week, as ongoing economic interventions by the ...
Nigeria’s Consumer Credit Surges to N4.42 Trillion in November 2024 Amid Inflationary Pressures
Nigeria’s consumer credit outstanding rose sharply by 26.29% to N4.42 trillion in November 2024, up from N3.5 trillion recorded in ...
CBN’s Latest OMO Auction Attracts N1.915 Trillion in Subscriptions as Stop Rates Decline
The Central Bank of Nigeria (CBN) held its latest Open Market Operation (OMO) auction on February 13, 2025, drawing significant ...
Banks’ Borrowing from CBN Skyrockets by 395% to N4.7 Trillion
In a significant development, Nigerian banks’ borrowing from the Central Bank of Nigeria (CBN) surged by 395.2% week-on-week (WoW) to ...
CBN Postpones February MPC Meeting Amid Delay in Release of Rebased CPI Report
The Central Bank of Nigeria (CBN) has announced the postponement of its first Monetary Policy Committee (MPC) meeting for 2025, ...
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