No Plan to Convert Domiciliary Account Dollars to Naira Vows CBN
Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), attributed the depreciation of the naira to the increasing ...
Tag: CBN
Interest Rates Expected to Rise as CBN Plans Record N1 Trillion Treasury Bill Auction
Recent indications point towards a potential increase in Nigeria's interest rates ahead of the upcoming treasury bills auction, signaling a ...
Dollar Supply Soars by 180% Following CBN Interventions
In a resounding turn of events, the official foreign exchange market in Nigeria witnessed a remarkable surge in dollar supply, ...
Naira is Deeply undervalued- CBN Governor
In an exclusive interview with Arise Television, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, emphasized ...
Central Bank of Nigeria Estimates $2.4 Billion FX Liabilities as Invalid
In an exclusive interview with Arise Television, Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, revealed that ...
CBN Imposes Ban on Banks and Fintechs From International Money Transfers
In a pivotal move, the Central Bank of Nigeria (CBN) has officially prohibited banks and financial technology companies (fintechs) from ...
CBN Directs Banks to Sell Excess Dollar Holdings Within 24 Hours
The Central Bank of Nigeria (CBN) has issued a directive ordering Deposit Money Banks to sell their surplus dollar holdings ...
CBN’s Bold Move: See what would happen to your dollar
The Central Bank of Nigeria (CBN) has recently unleashed a transformative circular, titled "Harmonisation of Reporting Requirements on Foreign Currency ...
Breaking: CBN Implements Stringent Measures on Banks’ Foreign Currency Exposures
The Central Bank of Nigeria (CBN) has recently issued a crucial circular to all banks, outlining stringent measures to regulate ...
Foreign Airlines Challenge CBN’s Assertion on Settling Unpaid Ticket Revenue Claims
In a countermove against the Central Bank of Nigeria's (CBN) recent claim of concluding payments for all verified claims of ...
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