Business

Poultry farmers raise alarm over $900m China deal

  • 26th March 2026

UK to hike visa, citizenship fees from April

  • 26th March 2026

FG approves partial settlement of N150bn contractors’ debt

  • 26th March 2026

Nigeria’s banks maintain strong liquidity despite CBN N2.36tn

  • 26th March 2026

Contact Info

Some Populer Post

Poultry farmers raise alarm over $900m China deal

Business
WhatsApp rolls out voice note transcription feature in India

WhatsApp unveils smart reply tool, new user features

Tech

US-Israel-Iran: Facts you should know about the Strait of

featured Maritime

Medical workers protest health bill at NASS

Policy and Regulations

Tag: CBN

Dangote Refinery loses N32.5bn after petrol price cut
News

Lagos, Abuja airports incur over N1bn monthly electricity bills

The Minister of Aviation, Festus Keyamo has stated that the Lagos and Abuja airports each incur over N1 billion in monthly energy costs. In an interview aired on Channels TV on Tuesday, Keyamo explained that the rising electricity expenses have further strained the financial operations of both flight services and the airline industry. He further […]

News

CBN initiates global partnerships for improved banking system

The Central Bank of Nigeria has signed Memoranda of Understanding with countries that host subsidiaries of Nigerian banks. This initiative aims to enhance regulatory coordination and ensure safe banking operations both locally and internationally. This was disclosed in a statement by the Acting Director of Corporate Communications on Tuesday. She stated that this approach allows […]

featured

Nigeria’s debt servicing hits N6.04tn in H1 2024 – CBN

Nigeria’s debt servicing expenses surged to N6.04 trillion in the first half of 2024, a 68.8% increase from N3.58 trillion in the same period of 2023, according to the Central Bank of Nigeria. This spending is approximately three times the N2.32 trillion allocated for personnel costs, which rose by 17.6% from N1.97 trillion the previous […]

featured

The Central Bank of Nigeria has mandated all Deposit Money Banks and foreign exchange market participants to submit compliance reports regarding the FX Code by December 31, 2024. This initiative aims to enhance the integrity and efficiency of Nigeria’s foreign exchange market, aligning it with global standards, according to The PUNCH. The FX Code, effective […]

News

CBN sells $543.5m in FX to authorized banks over 11 days

The Central Bank of Nigeria sold a total of $543.5 million at rates of N1,540 and N1,580 to authorized dealer banks between September 6 and September 30, 2024. This transaction amounts to approximately N844.92 billion in naira. This was disclosed in a statement signed by the Director, Financial Markets Department of CBN, Omolara Duke, on […]

featured

CBN extends suspension of cash deposit processing fees to 2025

The Central Bank of Nigeria has announced an extension of the suspension on cash deposit processing fees, now lasting until March 31, 2025. This decision aims to alleviate financial burdens and encourage greater use of banking services. The CBN disclosed this in a letter to banks and other financial institutions in the country signed by […]

FG spends 74% of revenue on debt in Q1 2024
featured News

CBN okays forex sales to BDCs at N1,590/$

The Central Bank of Nigeria has announced it will sell $20,000 in foreign exchange to eligible Bureau De Change operators nationwide. This was disclosed by the apex bank in a statement signed by the Acting Director of Trade and Exchange Department, Dr W. J Kanya, on Wednesday. The CBN stated that the sale of $20,000 […]

News

New IMTO licences push Nigeria’s remittance inflows to $585m – CBN

The Central Bank of Nigeria announced that its recent move to license additional International Money Transfer Operators has significantly boosted remittance inflows into the country, adding that Nigeria recorded $585 million in remittances for August 2024. This initiative is part of the CBN’s efforts to enhance the efficiency and accessibility of money transfers, contributing to […]

Bankers oppose removal of retained earnings in CBN terms
News

Nigeria’s external reserves surge to $39.07bn – Cardoso

Nigeria’s external reserves have continued to grow, reaching $39.07 billion as of September 19, 2024. This increase reflects positive trends in foreign exchange inflows and ongoing efforts to stabilize the economy. This was disclosed by the Governor of the Central Bank of Nigeria, Yemi Cardoso, at a press briefing at the end of the 297th […]

featured

CBN raises interest rate to 27.25%

The Central Bank of Nigeria’s Monetary Policy Committee has increased the interest rate by 50 basis points to 27.25%. This move is likely aimed at curbing inflation and stabilizing the economy. This was disclosed by the CBN governor, Olayemi Cardoso at the end of the MPC meeting held in Abuja. The apex bank has also […]

News

Manufacturers had negative confidence in Nigeria’s August economic Outlook – CBN

Manufacturers in Nigeria demonstrated a lack of confidence in the country’s economic outlook in August 2024, according to the latest Business Expectations Survey conducted by the Central Bank of Nigeria. The survey, which included responses from 1,600 business enterprises, found that while several sectors maintained an optimistic view of the economy, the manufacturing sector stood […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in