Majority of Nigerians See Inflation as High – CBN Report
A recent report from the Central Bank of Nigeria (CBN) has revealed that an overwhelming majority of Nigerians perceive the ...
Tag: CBN
CBN Sets January 31 Deadline for FX Market Compliance Report Submission
The Central Bank of Nigeria (CBN) has directed all participants in the foreign exchange (FX) market to submit a ...
Forex Spending on Foreign Education and Healthcare Surges Despite Naira Depreciation
Nigerians have increased their expenditure on foreign education and healthcare services despite the significant depreciation of the naira, with spending ...
CBN Fines Nine Banks N1.35 Billion for Failing to Dispense Cash During Festive Season
The Central Bank of Nigeria (CBN) has imposed fines totaling N1.35 billion on nine commercial banks for failing to ensure ...
CBN Reports Decline in Consumer Loans as Government Borrowing Hits Record High
The Central Bank of Nigeria (CBN) has revealed a significant decline in consumer credit provided by commercial banks, while government ...
CBN Ends Extension of Export Proceeds Repatriation for Exporters
The Central Bank of Nigeria (CBN) has announced the immediate suspension of approvals for extending the repatriation timelines of export ...
Nigeria Allocates $1.25 Billion in Forex for Fuel Imports in Nine Months
The Central Bank of Nigeria (CBN) revealed that $1.25 billion was allocated for fuel imports and related items between January ...
CBN and SEC Approve GTCO’s N209 Billion Equity Capital Raise
Guaranty Trust Holding Company Plc (GTCO) has received approvals from the Central Bank of Nigeria (CBN) and the Securities and ...
Diaspora Remittances Surge by 61%, Says CBN
The Central Bank of Nigeria (CBN) has reported a remarkable 61% increase in diaspora remittances processed through International Money Transfer ...
CBN Reaffirms Old Naira Notes’ Validity, Debunks Deadline Rumors
The Central Bank of Nigeria (CBN) has confirmed the continued validity of the old N1,000, N500, and N200 notes, dismissing ...
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