Naira sells at N1262 against dollar
The naira, on Wednesday, continued its gain against the United States dollar, appreciating both at the official foreign exchange and parallel markets,…
CBN
Nigerian banks, others borrowed N30.45tn from CBN in Q1 2024 – Report
Nigerian banks and merchant banks in the first quarter of this year, borrowed a sum of N30.45 trillion from the Central Bank…
CBN drops exchange rate for import duties to N1303/$1
The Central Bank of Nigeria has reduced the exchange rate for customs import duties collection, marking the lowest level seen in eight…
Bankers oppose removal of retained earnings in CBN terms
Bankers are expressing their disapproval of the Central Bank’s decision to exclude retained earnings from the calculation of share capital in its…
CBN raises commercial banks capital base to N500bn
Nigeria’s Central Bank has raised the capital base of commercial banks with international authorisations to 500 billion Naira and of national banks…
CBN clears all ‘valid’ FX backlog
The Central Bank of Nigeria has officially confirmed the settlement of all valid foreign exchange backlogs totaling $7 billion, fulfilling a significant…
Senate discovers new infractions on N30tn loans, summons CBN gov
The Senate Ad-hoc Committee probing how the N30tn Ways and Means loans were obtained from the Central Bank of Nigeria, and spent…
Customs exchange rate for cargo clearance reduce to N1593/$
The exchange rate for cargo clearance decreased to N1593.41/$, which represents a decrease of about N18.87 from last week’s record value of…
External reserves rise to $993m – Report
Recent data released by the Central Bank of Nigeria reveals a significant increase in external reserves, surging by $993 million within a…
FX payments rose to $1.3bn in February – CBN
Foreign remittances into the nation increased to $1.3 billion in February 2024 from $300 million the month before according to the Central…
CBN, Gluwa signs MoU to boost eNaira adoption
The Central Bank of Nigeria has signed a Memorandum of Understanding with a blockchain firm, Gluwa to drive the increased adoption of…
CBN sells another N1.3 trillion in treasury bills at 21.5%
Melvin Onwubuke The Central Bank of Nigeria (CBN) has completed another round of Treasury Bills (T-Bills) auction, offloading about N1.3 trillion. The…