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 ...
Tag: CBN
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, ...
CBN Implements New Forex Rules: BDCs Limited to $25,000 Weekly Purchases
In a move aimed at regulating the retail foreign exchange market and enhancing transparency, the Central Bank of Nigeria (CBN) ...
CBN Implements New FX Guidelines for BDCs to Enhance Market Stability
The Central Bank of Nigeria (CBN) has introduced new regulations allowing Bureau de Change (BDC) operators to purchase up to ...
CBN Extends FX Sale to BDCs Until May 30 to Boost Market Stability
The Central Bank of Nigeria (CBN) has extended the foreign exchange (FX) sale period for Bureau de Change (BDC) operators ...
Nigeria Clears $7 Billion Forex Backlog, Restores Market Confidence
The Central Bank of Nigeria (CBN) has successfully cleared an outstanding $7 billion foreign exchange backlog, marking a significant milestone ...
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 ...
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 ...
