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
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…
CBN sells over $300m to deposit money banks
By Melvin Onwubuke The Central Bank of Nigeria in its efforts to stabilize the exchange rate has sold over $300 million…
CBN’s monetary policy will increase market dividends – Analyst
By Melvin Onwubuke The analyst at FBNQuest, asset management division of FBN Holdings, have projected a significant market yield for the…
CBN to stop BDC’s street trading, limit FX purchase to $500
The Central Bank of Nigeria is contemplating significant regulatory changes for Bureau De Change operators, as outlined in its revised guidelines. The…
Analyst projects rate hike as MPC meeting holds Monday
By Melvin Onwubuke The Central Bank of Nigeria will on Monday and Tuesday hold the Monetary Council Policy meeting under Yemi Cardoso,…
Senate approves Yuguda, Cardoso, others as MPC members
The appointment of twelve individuals to the Central Bank of Nigeria’s Monetary Policy Committee has been approved by the Senate. According to…
Naira decline continues in parallel market, N1,700/$1
By Melvin Onwubuke Nigeria Naira strengthened against the dollar in the official market, as there was a significant rise of 76.61%…