CBN Mandates Nigerian Banks to Raise N3.31 Trillion in Capital
In a move that could reshape Nigeria's banking landscape, the Central Bank of Nigeria (CBN) has announced an upward review ...
Tag: CBN
Binance: Collaboration With SEC, EFCC, NSA Proves Positive, Says CBN Gov
During the Central Bank of Nigeria's (CBN) 294th meeting of the Monetary Policy Committee (MPC), Governor Olayemi Cardoso emphasized the ...
CBN Orders BDCs to Sell Dollar at N1,269/$ as Naira Maintains Steady Appreciation
The Central Bank of Nigeria (CBN) has instructed Bureau de Change (BDC) operators to sell the dollar at a rate ...
CBN Executes FX Sale to BDCs at Rate of N1,251 per Dollar
The Central Bank of Nigeria (CBN) has announced the commencement of the second tranche of sales of foreign exchange (FX) ...
FG’s External Debt Soars by N17.37 Trillion in One Year Amid Exchange Rate Fluctuations
The Debt Management Office (DMO) has revealed a staggering increase in the naira value of the federal government's external debt, ...
OPS Takes Legal Action Against Banks Over Rejected Forex Applications Worth $7bn
Some businesses operating under the umbrella of the Organised Private Sector of Nigeria (OPSN) are contemplating legal action against commercial ...
CBN Reports N193 Billion Missing from N10.3 Trillion Intervention Funds Under Emefiele
The Central Bank of Nigeria (CBN) has uncovered significant discrepancies in the management of intervention funds totaling N10.3 trillion during ...
CBN Clears Forex Debt, Triggers New Exchange Rate Expectations
The Central Bank of Nigeria (CBN) has announced the successful clearance of all outstanding forex forward contracts, a move that ...
Cardoso Initiates Restructuring at CBN, Dismisses Directors
In a move signaling a shift in leadership strategy, Olayemi Cardoso has commenced what appears to be a discreet restructuring ...
Nigeria’s Imported Food Inflation Surges to Record High of 29.8%
In February 2024, Nigeria witnessed a significant surge in imported food inflation, reaching a record high of 29.8%, up from ...
