CBN Ups Treasury Bills Auction Offer to N550bn Amid Slower Investor Demand
The Central Bank of Nigeria (CBN) has increased its offering at the latest Treasury Bills (T-bills) auction, raising the total ...
Tag: CBN
Naira Strengthens to N1,600 Against Dollar in Parallel Market
The Nigerian naira saw a modest boost on Monday, climbing to N1,600 per dollar in the parallel market, an improvement ...
Nigeria’s Currency Management Costs Soar to N315 Billion Amid Cash Crisis
The Central Bank of Nigeria (CBN) has reported a staggering increase in its currency management expenses, spending over N315 ...
CBN Slaps Paystack with ₦250 Million Fine Over Zap Operations
Nigeria’s Central Bank has imposed a ₦250 million fine on leading fintech firm Paystack, citing regulatory breaches tied to its ...
CBN Raises Over N1 Trillion in Latest OMO Auction Amid Soaring Money Supply
The Central Bank of Nigeria (CBN) secured a total of N1.008 trillion at its Open Market Operations (OMO) auction held ...
Currency in Circulation Falls to N5tn in March 2025 – CBN Report
The amount of naira circulating within Nigeria’s economy declined to N5 trillion as of March 2025, according to the latest ...
Stronger Banks Critical to Achieving $1 Trillion Economy — CBN
The Central Bank of Nigeria (CBN) has emphasized the urgent need for a stronger, more resilient banking sector to drive ...
CBN Flags Rising Loan Defaults Among Large Nigerian Corporations in Q1 2025
The Central Bank of Nigeria (CBN) has raised alarms over increasing loan defaults by large private corporations and certain financial ...
Nigeria’s Personal Remittances Rise to $20.93 Billion in 2024 – CBN
The Central Bank of Nigeria (CBN) has announced that personal remittances into the country reached $20.93 billion in 2024, representing ...
Nigeria Posts $6.83 Billion Balance of Payments Surplus in 2024, Says CBN
Nigeria recorded a significant turnaround in its external financial position in 2024, achieving a $6.83 billion balance of payments (BOP) ...
