CBN Reforms Lead to $172 Million Increase in Diaspora Remittances
The Central Bank of Nigeria (CBN) has recorded a significant increase in direct remittances, with an additional $172 million reported ...
Tag: CBN
CBN Reports Progress in Inflation Control Amid Rising Food Prices
The Central Bank of Nigeria (CBN) announced on Saturday that its efforts to curb inflation through monetary policy tightening are ...
Naira Shows Stability in Official Market, Meeting Fitch Ratings Projections
The Nigerian naira demonstrated remarkable stability in the official market, maintaining alignment with Fitch Ratings' projections despite fluctuating within the ...
FG Spends $15 Billion on Debt Servicing Over Five Years, CBN Reports
The Federal Government of Nigeria has allocated a substantial $15.55 billion towards debt servicing from 2019 to 2024, according to ...
Naira Maintains N1500/$ Rate in Black Market Amid High Inflation
The naira has sustained its position within the N1500 per dollar range on the parallel market, despite the U.S. dollar ...
NDIC Lists Heritage Bank’s Headquarters and Assets for Sale
The Nigeria Deposit Insurance Corporation (NDIC) has announced the sale of the head office and other assets of the defunct ...
Allegations of further license revocations are baseless fabrications – CBN
The Central Bank of Nigeria (CBN) has reiterated its commitment to ensuring the safety of depositors' funds and the resilience ...
CBN Revokes Heritage Bank Plc’s Banking License
The Central Bank of Nigeria (CBN) has announced the immediate revocation of Heritage Bank Plc's banking license. This decisive action, ...
Senator Nwoko Calls for Senate Probe into CBN’s Sacking of 317 Workers
Senator Ned Nwoko (PDP-Delta North) has condemned the recent termination of 317 workers from the Central Bank of Nigeria (CBN) ...
Nigeria’s Foreign Exchange Struggles Lead to Extended Timelines for Letters of Credit
Nigeria is grappling with a significant decline in foreign exchange reserves, leading to extended timelines for issuing letters of credit ...
