CBN sells 1yr OMO bills at record 21.5%
Melvin Onwubuke The Central Bank of Nigeria sold a historical N1.056 trillion in OMO bills on Friday with the yield on the…
CBN
JUST IN: CBN revokes operational licenses of 4,173 BDCs
The Central Bank of Nigeria, in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act 2020,…
FX debt: CBN owes just five banks, says Cardoso
With the exception of five banks, foreign exchange backlogs have been resolved, according to Olayemi Cardoso, Governor of the Central Bank of…
CPPE urges CBN to peg custom duty FX rate at N1000/$1
By Melvin Onwubuke The Centre for the Promotion of Private Enterprise has urged the Central Bank of Nigeria to take bold steps…
Trim BDCs for direct credit intervention, Nigerian manufacturers urge CBN
By Melvin Onwubuke The Manufacturing Association of Nigeria has proposed that the CBN cut down on the number of Bureau De…
CBN to meet with foreign investors today
By Alex Omenye The Central Bank of Nigeria Governor, Yemi Cardoso, is scheduled to participate in a significant meeting with foreign…
CBN prepares tough financial sanction for banks
In order to lower violations in the nation’s financial sector, the governor of the Central Bank of Nigeria, Olayemi Cardoso, has committed…
CBN pledges to recover N10tn intervention loans
The Central Bank of Nigeria, which continues to stand by its previous position of withdrawing direct development funding, has pledged to retrieve…
CBN clears $400m FX backlog
Melvin Onwubuke The Central Bank of Nigeria has announced it has cleared the backlog of verified, genuine, forward requests of $400 million.…
CBN gov Cardoso vows crackdown on illicit funds via Binance
The Governor of the Central Bank, Yemi Cardoso, has restated the government’s determination to monitor and put a stop to the illicit…
CBN resumes sales of FX to BDC operators
The Central Bank of Nigeria has made a firm decision to close the growing exchange rate difference in an effort to address…
CBN raises interest rate to 22.75%
The Central Bank of Nigeria on Tuesday, implemented the first increase in its benchmark interest rate, the Monetary Policy Rate, in eight…