Senate passes bill to raise CBN loans to FG
The national assembly on Wednesday passed a bill to raise the percentage of Ways and Means loans the Central Bank of Nigeria…
CBN
Accounts not used in 10-years are classified dormant – CBN
The Central Bank of Nigeria has stated that an account can only be designated as dormant and used for investment purposes if…
CBN to setup office for dormant account funds management
The CBN has revealed that a separate office would be created to manage dormant accounts and unclaimed balances. This was disclosed in…
Naira decline: CBN disburses $148m to 29 authorised dealers
The Nigerian Central Bank has distributed $148 million to 29 authorized dealers as part of its efforts to stabilise the foreign exchange…
Nigeria’s external reserves hit $37.05bn
Nigeria’s external reserves have climbed once more to $37.05 billion as of July 18, 2024. This disclosure was made by the Governor…
FX inflow via IMTOs reach $1.07bn in three months – CBN
Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from…
CBN raises interest rate to 26.75%
The Central Bank of Nigeria Monetary Policy Committee has increased the interest rate from 26.25% to 26.75%, a 50 basis point increase.…
FX inflow via IMTOs reach $1.07bn in three months – CBN
Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from…
CBN predicts slight decline in external reserve
The Central Bank of Nigeria has predicted that in 2024, the country’s foreign reserves may decline slightly, due to debt repayment and…
CBN approves $20,000 to each BDC at N1,450/$1
The Central Bank of Nigeria has declared that it has approved the sales of foreign exchange to qualified Bureau De Change to…
CBN persists higher interest rates if inflation persist – Cardoso
The Governor of the Central Bank of Nigeria Yemi Cardoso, has stated that sustained inflation could lengthen the duration of monetary tightening…
Banks’ loans to private sector reach N375tn – CBN
The Central Bank of Nigeria reported that Nigerian banks’ loans and support for the private sector totaled approximately N375.78 trillion in the…