$26 Billion for unidentified source passed through Binance-Cardoso
In a recent Monetary Policy Committee (MPC) press conference, Central Bank of Nigeria (CBN) Governor, Yemi S, emphasized the need ...
Tag: CBN
Just In: CBN Push Additional $400 Million to Clear FX Backlog to Stabilize Exchange Rate
In a groundbreaking move aimed at addressing Nigeria's foreign exchange backlog, the Central Bank of Nigeria (CBN) has announced the ...
Breaking: CBN Raises MPR to 227.75% up 400 basis points Amid Economic Uncertainty
The Central Bank of Nigeria (CBN) has announced a substantial increase in the Monetary Policy Rate (MPR) by 400 basis ...
CBN Debunks Claims of Weekly FX Sales to Bureau De Change Operators
The Central Bank of Nigeria (CBN) has issued a statement refuting recent rumors circulating regarding the resumption of weekly sales ...
CBN Injects Over $300 Million into Banks as Naira Sees Uptick
Amidst concerted efforts to stabilize the naira-dollar exchange rate, the Central Bank of Nigeria (CBN) has injected over $300 million ...
CBN Proposes $10,000/year Limit on Foreign School Fees via BDCs
The Central Bank of Nigeria (CBN) is set to implement stringent measures concerning the purchase of foreign currencies through Bureau ...
BDCs Set Terms for Compliance with CBN Directive
The Association of Bureau De Change of Nigeria (ABCON) has responded to the recent directive issued by the Central Bank ...
CBN Guideline Prompt BDCs to Mull Mergers Amidst Capital Increase
The Central Bank of Nigeria (CBN) has set forth a regulatory proposal that has stirred significant debate and strategic maneuvers ...
FX Crisis: Examining FX Manipulation, Crypto Platforms, and Regulatory Response
The Nigerian economy is currently facing significant challenges, particularly with the ongoing FX crises and the depreciation of the Naira. ...
Nigeria’s Broad Money Supply Hits Historic High, Surging to N93.72 Trillion
Nigeria's monetary landscape witnessed a monumental surge as the broad money supply skyrocketed to a historic high of N93.72 trillion ...
