Tag: CBN

In a significant setback for Nigeria's economic diversification goals, non-oil exports earnings witnessed a stark decline of 24% year-on-year, falling ...

Nigeria is gearing up for a substantial interest rate increase, potentially reaching 500 basis points, during the upcoming monetary policy ...

Nigeria's foreign exchange (forex) reserves have experienced a notable increase, reaching $33.25 billion, driven by optimism regarding potential surpassing of ...

Fitch, a prominent global credit rating agency, has highlighted that the Central Bank of Nigeria (CBN) continues to grapple with ...

Foreign airlines have repatriated a total of N795.48 billion ($1.76 billion converted at N451/$) from Nigeria in the first and ...

Nigeria's central bank has successfully settled the entire foreign exchange forwards liability of 14 banks, marking a significant step towards ...

The Central Bank of Nigeria (CBN) has uncovered instances of infractions, gross abuses, and non-compliance with foreign exchange market regulations. ...

The Nigerian naira experienced a further decline against the US dollar on Wednesday, January 17th, 2024, both at the official ...

Naira remained stable within its lower range on both the Peer-to-Peer (P2P) market and the black market, while the U.S. ...

The Central Bank of Nigeria (CBN) has taken a decisive step by dissolving the boards of Union Bank of Nigeria, ...