CBN Battles to Revive Naira as Forex Approaches N1,700/$1
The exchange rate between the naira and the dollar has depreciated to an all-time low, reaching N1,537.96/$1 at the official ...
Tag: CBN
After CBN, FAAN, Another Agency to Relocate Key Departments to Lagos
The Nigerian Upstream Petroleum Regulatory Commission has considered relocating some of its units to Lagos, according to a document made ...
Banking Credit Should be Adjudged on Portfolio Allocations Not Percentage Increase – Expert
Dr. Wunmi Bewaji, a financial expert has revealed that the implication of the banking credit to the Nigeria Economy should ...
Again, CBN Raises Import Duty Forex Rate, Now N1,444.56/$
The Central Bank of Nigeria (CBN) has raised the exchange rate for computing Customs duties at the nation’s seaports again, ...
Forex: CBN Directives on Naira Remittance Will Prevent Hoarding, says Bewaji
Dr. Wunmi Bewaji, a securities and financial regulation law expert, said that the directives of the Central Bank of Nigeria ...
Inflation: Cardoso Hints CBN Lacks Capacity to Continue N10 trillion Intervention Programmes
Mr. Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has revealed that the apex bank cannot currently ...
Kyari, Cardoso Meet over Plans to Domicile NNPC’s Revenues with CBN
Mallam Mele Kyari, the group chief executive officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), and Mr. Olayemi ...
FX: Nigerians Spent $98bn on Foreign Trips, Education in 10 Years – CBN
Nigerians’ spending on foreign education, healthcare, and personal travels gulped over $98bn in 10 years, according to the Central Bank ...
CBN Should Treat Violation of Policies on FX as Economic Sabotage – Expert
Reporter: Tobi Adetunji The Central Bank of Nigeria (CBN), has been advised to treat violation of the instructions given to ...
Naira Strengthens as Banks Sell Excess Dollars
Nigerian currency – the naira- exchanged between N1,300 and N1,350/$ on Thursday as against over N1400/$ it exchanges the previous ...
Naira: Sell Excess Dollars in 24 Hours, CBN Orders Banks
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks to sell their excess dollar stock latest February 1, ...
CBN Moves Five Departments to Lagos, 1,500 Members of Staff Redeployed
The Central Bank of Nigeria (CBN), reportedly, will move five departments from the Federal Capital Territory, Abuja to the new ...
More than 60 million Nigerians Have Enrolled for BVN
Not less than 60.49 million bank customers have registered for Bank Verification Number (BVN), with the recent addition of 291,232 ...
CBN May Raise Banks Capital Base Btw N181.85bn and N900bn – Report
The Central Bank of Nigeria (CBN) may ask commercial banks with international banking licence to raise their capital base to ...
Currency Outside Banks Surges to 92% at N3.3tri in Q4 2023
The Central Bank of Nigeria (CBN) has revealed a notable spike in currency outside the banks during the month of ...