Tag: CBN

The Central Bank of Nigeria (CBN) has introduced new regulations to facilitate the recovery of funds from dormant accounts. These ...

Nigeria's external reserves have reached $37.05 billion as of July 18, 2024, according to the Governor of the Central Bank ...

The Central Bank of Nigeria (CBN) has raised the interest rate by 50 basis points, bringing it to 26.75%. This ...

The Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflows through International Money Transfer Operators ...

As of March 2024, nearly three years post-launch, Nigeria’s Central Bank Digital Currency (CBDC), the eNaira, constitutes less than 1% ...

The Nigerian naira has dropped to its lowest level since March, trading at N1,577 per U.S. dollar on Monday, despite ...

The Central Bank of Nigeria (CBN) has taken decisive action to stabilize the foreign exchange market by injecting $122.67 million ...

The Dangote Group has announced an ambitious target to generate $30 billion in revenue by 2025, aiming to become Nigeria’s ...

The Central Bank of Nigeria (CBN) has issued a stern warning to financial institutions in the country, emphasizing that the ...

Nigeria’s money supply (M3) has soared to nearly N100 trillion, reaching N99.24 trillion in May 2024. This represents a 2% ...