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 ...
Tag: CBN
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 ...
EX CBN Governor Godwin Emefiele Regains Freedom, Pays N300 Million Bail Fee
Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), has been released from the Kuje Correctional Centre ...
EX CBN Governor Godwin Emefiele Allegedly Operated 593 Illegal Bank Accounts.
In a shocking revelation, it has been alleged that former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, operated a ...
Naira Weakens Against Dollar Following 5-Day Rally as CBN Addresses Cash Scarcity
After enjoying a five-day surge, the Nigerian naira faced a setback on Thursday, December 21, 2023, depreciating against the US ...
CBN Predicts Inflation and Exchange Rate Relief in 2024
The Central Bank of Nigeria (CBN) has forecasted a decrease in the country's inflation rate and a reduction in exchange ...
CBN Halts Submission of New Loan Requests for Intervention Programs
In a significant policy shift, the Central Bank of Nigeria (CBN) has announced the suspension of new loan applications for ...
CBN Debunks Reports of Banks Failing Capital Adequacy Ratio Stress Test
The Central Bank of Nigeria (CBN) has categorically refuted media reports claiming that certain banks failed the Capital Adequacy Ratio ...
CBN Suspends Access Bank, Zenith, UBA, and Others From Issuing New Loans.
The Central Bank of Nigeria (CBN) has mandated commercial banks, including Access Bank, Zenith, UBA, and others, to take charge ...
