CBN Releases New Foreign Exchange Manual, Grants Easier Access to Domiciliary Accounts
The Central Bank of Nigeria (CBN) has introduced major reforms to its foreign exchange regulations with the launch of the ...
Tag: CBN
CBN Aims to Bring N2.83 Trillion Cash Back into Banking System by 2028
The Central Bank of Nigeria (CBN) has announced plans to significantly reduce the amount of cash circulating outside the formal ...
Bad Loans Climb to 8.03% Following End of CBN Forbearance
Non-performing loans (NPLs) in Nigeria’s banking industry rose to 8.03% in January 2026, marking a noticeable deterioration in asset quality ...
CBN Relaxes PoS Geo-Fencing Rules, Extends Compliance Deadline to August 2026
The Central Bank of Nigeria (CBN) has eased one of its key regulations governing Point of Sale (PoS) operations by ...
FMDQ Turnover Hits $180.85 Billion as Trading Volume Surge
The FMDQ Securities Exchange recorded a remarkable performance as total market turnover reached $180.85 billion, driven by a sharp increase ...
CBN Denies Heavy Intervention in FX Market, Highlights Minimal Participation
The Central Bank of Nigeria (CBN) has refuted allegations of aggressive intervention in the foreign exchange market, insisting that its ...
Nigerian Crude Oil Approaches $120 per Barrel as Middle East Tensions Escalate
Nigerian crude oil prices have climbed sharply, edging closer to the $120 per barrel mark as the conflict in the ...
CBN’s 50% CRR Policy Costs Nigerian Banks N2.5 Trillion in Annual Earnings – Report
Nigerian banks are losing approximately N2.5 trillion in potential earnings every year due to the Central Bank of Nigeria’s high ...
CBN Unveils Revised Foreign Exchange Manual, Set to Take Effect June 1
The Central Bank of Nigeria (CBN) has officially launched the fourth edition of its Foreign Exchange Manual, introducing updated guidelines ...
Equities Market Hits Fresh All-Time High as Bulls Maintain Dominance
The Nigerian equities market continued its impressive run on Wednesday, setting a new record high as strong buying interest in ...
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