Scarcity of Cash Blamed on Insider Abuse and Customer Hoarding Ahead of Festive Season
A combination of insider abuse within banks and hoarding by customers has been identified as the root cause of the ...
Tag: Central Bank of Nigeria
CIBN Urges CBN to Strengthen Measures Against Fraud in Banking
In a bid to combat fraudulent transactions within the banking industry, the Chartered Institute of Bankers of Nigeria (CIBN) has ...
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 ...
Naira Appreciates by 27.16% Against Dollar in the Official Market
In a notable development on Monday, the Nigerian naira recorded a substantial appreciation of 27.16%, closing at N864.29 against the ...
Nigeria’s External Reserves Dip by $520.22 Million in Five Weeks: CBN Highlights Economic Challenges
Recent data from the Central Bank of Nigeria (CBN) has revealed a significant drop of $520.22 million in the country's ...
CBN Addresses Naira Shortage Concerns Amidst Increased Withdrawals
In response to the growing concerns over reported shortages of naira notes in the country, the Central Bank of Nigeria ...
Nigeria Achieves Highest Trade Surplus in Over Five Years Driven by Naira Devaluation
Nigeria has marked its highest trade surplus in five years and three months during the third quarter of this year, ...
Naira Rebounds, Surges by 10.67% to N837.77/$1 at Official Market
In a significant turn of events, the Nigerian naira witnessed a remarkable recovery against the dollar on Monday, December 4, ...
2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar
President Bola Tinubu unveiled the 2024 budget proposal, dubbed the 'Budget of Renewed Hope,' during a joint session of the ...
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