CBN sets January 31 deadline for FX market compliance reports
The Central Bank of Nigeria has instructed foreign exchange market participants to submit compliance reports on their adherence to the Nigeria FX…
CBN
CBN urged to maintain inflation control measures
The World Bank Group has urged the Central Bank of Nigeria to remain committed to its efforts in tackling inflation. This was…
CBN okays FX code to promote ethics
The Central Bank of Nigeria has officially approved the Nigerian Foreign Exchange Code to promote ethical conduct and transparency in the country’s…
CBN launches digital initiatives for transactions, document management
The Central Bank of Nigeria has launched two new digital initiatives—the Document Flow System and the Ministries, Departments, and Agencies Naira Payment…
CBN fines nine banks N1.35bn for cash shortage at ATMs
The Central Bank of Nigeria has imposed fines totaling N1.35 billion on nine deposit money banks for failing to ensure cash availability…
Former CBN employees sue for reinstatement, compensation
Former employees of the Central Bank of Nigeria, who were dismissed in a large-scale retrenchment in 2024, have taken legal action to…
Corporate Tax, VAT drive federation account to N6.86tn – CBN
Receipts into the federation account increased by 7.48% to N6.86 trillion in the third quarter of 2024, according to the latest Economic…
1,000 CBN staff left voluntarily – Cardoso
The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the 1,000 staff members who left the bank did…
FG borrowings push money supply to N108.96tn – CBN
Driven by domestic borrowings from the private sector, Nigeria’s Broad Money Supply grew by 51% Year-on-Year to N108.96 trillion in November 2024.…
CBN accused of misappropriating N2.7tn interest on Ways and Means
The Federal Government has accused the Central Bank of Nigeria of misappropriating N2.73 trillion in interest payments from Ways and Means advances,…
Treasury bills subscription hits ₦38.08tn in 2024 – CBN
Investors’ subscription to Nigerian Treasury Bills surged from N23.51 trillion in 2023 to N38.08 trillion in 2024, according to a report by…
CBN attributes oil revenue crash to ageing pipelines
The Central Bank of Nigeria has identified ageing pipeline infrastructure and operational inefficiencies as key factors contributing to a significant 24.72% decline…