Tag: Central Bank of Nigeria

The World Bank has raised concerns over the effectiveness of the Central Bank of Nigeria’s (CBN) monetary policy tightening in ...

In a significant financial development, First Bank has successfully recovered a substantial N456 billion loan from Heritage Bank. This repayment ...

Nigeria's external reserves, crucial for maintaining currency stability, have experienced a significant decline of 7.21% over the past year. As ...

Nigeria's ambitious foreign exchange reforms, spearheaded by President Bola Tinubu, have failed to yield the desired outcomes, as evidenced by ...

The Naira has experienced a further decline in the country’s unofficial foreign exchange market, falling to a new low of ...

The devaluation of the naira has led to a significant increase in bank credit to Nigeria’s oil and gas sector, ...

A senior official from the Association of Bureau De Change Operators of Nigeria (ABCON) has pointed to insufficient dollar allocations ...

The Nigerian Exchange Group Plc (NGX Group) has announced a significant increase in its revenue for the 2023 financial year, ...

Despite the Central Bank of Nigeria's (CBN) efforts to boost foreign exchange reserves, total direct FX remittances dropped by 6.28% ...

Commercial banks in Nigeria drastically reduced loans to the government by 73.18% in March 2024, marking a substantial drop from ...