CBN
CBN sells $543.5m in FX to authorized banks over 11 days
The Central Bank of Nigeria sold a total of $543.5 million at rates of N1,540 and N1,580 to authorized dealer banks between…
CBN extends suspension of cash deposit processing fees to 2025
The Central Bank of Nigeria has announced an extension of the suspension on cash deposit processing fees, now lasting until March 31,…
CBN okays forex sales to BDCs at N1,590/$
The Central Bank of Nigeria has announced it will sell $20,000 in foreign exchange to eligible Bureau De Change operators nationwide. This…
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…
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…
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…
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…
CBN temporarily withdraws policy guidelines amid media misrepresentation
The Central Bank of Nigeria has announced the temporary withdrawal of its Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the…
CBN targets N50bn from cybercrime levy
The Central Bank of Nigeria is expected to generate around N50 billion by the end of 2024 from the newly implemented 0.005…
CBN appoints Gidado as Polaris Bank board chair
The Central Bank of Nigeria has announced the new board of directors for Polaris Bank. In a statement released on Monday, the…
Report reveals banks borrowed N3trn from CBN in one week
Nigerian banks and discount houses borrowed N3 trillion from the Central Bank of Nigeria through the Standing Lending Facility in a single…