Why CBN snubbed BDC operators in $123m FX sale
Bureau De Change Operators were excluded from the Central Bank of Nigeria’s latest batch of currency sales to licensed dealers. This disclosure…
CBN
CBN boost the FX market with $122.67m sales to BDCs
The Central Bank of Nigeria has made an important step towards stabilizing the foreign exchange market by selling $122.67 million to 46…
Nigeria addressing consequences of N27tn Ways and Means — Cardoso
The governor of the Central Bank of Nigeria, Yemi Cardoso has stated that the country is currently shouldering excesses of N27 trillion…
Nigerian cash held outside banks hits N3.71trn in May 2024
The amount of currency held outside the country’s banking system has surged to a historic high of N3.71 trillion as of May…
Nigeria’s external reserves rise to $34.66bn, highest in 13 months
Nigeria’s overseas reserves have risen again, this time by $1.88 billion to $34.66 billion as of July 4, 2024, a thirteen-month high.…
CBN to cut down rate hikes soon – Cardoso
The Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso has declared that it will soon be able to cut down…
Demand deposits surges N29.67tn in May – CBN
Demand deposits have jumped by 206.83 per cent from N9.67tn in May 2019 to N29.67tn this year’s May, according to data from…
CBN threatens sanction on banks, BDCs rejecting old, small dollar bill
The Central Bank of Nigeria has issued a harsh warning to Deposit Money Banks and registered forex dealers, threatening to impose a…
Nigeria’s FX reserve rise to $34.14bn
Nigeria’s reserves continued to rise, reaching $34.14 billion on Friday, up 4.06 percent from $32.74 billion on June 3, 2024, according to…
Banks to deposit excess FX in CBN Lagos, Abuja offices
The Central Bank of Nigeria on Friday published updated guidelines for Deposit Money Banks to deposit surplus foreign currency notes at its…
FG raises N284b in treasury bills auction
The Federal Government, through the Central Bank of Nigeria, raised a total of N284.26 billion in the latest Nigerian Treasury Bill auction.…
CBN stops FX price verification portal for importers
The Central Bank of Nigeria has announced that the foreign exchange price verification system portal used by importers will be discontinued from…