Naira Hovers Around N1300/$ in Unofficial Market as U.S. Dollar Gains.
Naira remained stable within its lower range on both the Peer-to-Peer (P2P) market and the black market, while the U.S. ...
Tag: CBN
CBN Discloses Reasons for Dismissing Boards of Union, Keystone, and Polaris Banks
The Central Bank of Nigeria (CBN) has taken a decisive step by dissolving the boards of Union Bank of Nigeria, ...
Nigeria’s External Reserves Decline by 10.86% Year-on-Year, Stand at $33 Billion
The Central Bank of Nigeria (CBN) has released data on the country's external reserves, revealing a significant year-on-year decline of ...
Top Story: CBN Dismisses Boards of Union, Titan, Keystone, and Polaris Banks
The Central Bank of Nigeria (CBN) has announced the immediate removal of the entire Board of Directors of Polaris, Titan, ...
CBN Disburses $61.64 Million to Foreign Airlines as it Clears FX Debt.
The Central Bank of Nigeria (CBN) has disbursed approximately $61.64 million to foreign airlines through various banks. This initiative is ...
CBN Clears $2 Billion Forex Debt Amid Naira Struggles
In a race against time to ease the stranglehold of a forex crisis, Nigeria's Central Bank has reportedly paid nearly ...
CBN Releases Strict Guidelines for Cryptocurrency Operations For Banks
In a decisive move addressing the evolving landscape of digital currencies, the Central Bank of Nigeria (CBN) has issued a ...
CBN recovers N264.04 billion from borrowers in H1, 2023
The Central Bank of Nigeria (CBN) has disclosed that it successfully recovered N264.04 billion from borrowers participating in its development ...
Naira Depreciates Further as CBN Lifts Crypto Ban
The naira experienced a significant dip, closing at N885.88 per dollar on December 22, 2023, marking a N23.97 depreciation from ...
Nigeria’s FX Unification: N1.36 Trillion Revenue Surge in 6 Months
In a significant economic development, the unification of Nigeria's exchange rate has led to a substantial increase in revenue from ...
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