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 ...
Tag: CBN
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 ...
Credit to Government Soars to N42tn, Outpaces Private Sector Growth – CBN
Data from the Central Bank of Nigeria (CBN) reveals that loans to the government have surged dramatically, outpacing credit to ...
CBN to Penalize Banks Over Cash Shortages from December
The Central Bank of Nigeria (CBN) has announced plans to penalize commercial banks that fail to provide cash to customers ...
