CBN Revalidating $2.4bn Forex Claims, Says Governor Cardoso
The Central Bank of Nigeria (CBN) has initiated a re-validation process to verify foreign exchange (FX) claims worth $2.4 billion ...
Tag: CBN
World Bank Praises CBN Governor Cardoso’s Reforms, Says Nigeria on the Right Path
The World Bank has commended the efforts of Central Bank of Nigeria (CBN) Governor Yemi Cardoso, highlighting that his monetary ...
DSS Accuses CBN Staff of Aiding in Theft of Anchor Borrowers’ Funds
The Department of State Services (DSS) has implicated several Central Bank of Nigeria (CBN) employees in the alleged misappropriation of ...
Credit to Government Surges by N11 Trillion in August as Private Sector Reduces Debt
Credit to the Nigerian government surged by over N11 trillion in August 2024, according to the Central Bank of Nigeria's ...
Government Borrowing Rises by N11.33tn in August — CBN Report
The Central Bank of Nigeria (CBN) has revealed that credit to the Federal Government surged by N11.33 trillion, marking a ...
CBN Approves Additional $20,000 for Each BDC at N1,590/$1, Limits Profit Margins
In a bid to stabilize the Nigerian foreign exchange market and meet the rising demand for foreign currencies, the Central ...
Naira Depreciates Against US Dollar as CBN Prepares Monetary Policy Decision
The Nigerian naira has experienced a notable decline against the US dollar, reversing some of the gains recorded in recent ...
CBN Withdraws 2024-2025 Monetary Policy Guidelines Amid Confusion Over Misinterpretations
The Central Bank of Nigeria (CBN) has temporarily withdrawn its recently issued *Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines ...
CBN, NDIC to Address Bank Recapitalization at Upcoming Finance Summit
The Nigeria Deposit Insurance Corporation (NDIC), in collaboration with the Central Bank of Nigeria (CBN) and several major financial institutions, ...
CBN Set to Adjust Customs Exchange Rate as Naira Hits 6-Month Low
The Central Bank of Nigeria (CBN) is preparing to adjust the customs exchange rate used for clearing goods at the ...
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