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Currency in circulation drops to N2tr in July – CBN

Story by Kayode TokedeThe Central Bank of Nigeria (CBN) has said currency incirculation dropped to N2 trillion in July, 0.55 per cent below N2.01...

Business activities rising as CBN Purchasing Manager’s Index inches to 57.6...

The manufacturing Purchasing Manager’s Index (PMI) of the Central Bank of Nigeria (CBN)  increased to 57.6 points last July  from a three-month low of...

CBN to disburse lower denominations through MfBs

Story by Kayode TokedeThe Central Bank of Nigeria (CBN) says it has released guidelines for the disbursement of lower denominations of the Naira through...

CBN reports $9.9bn total direct remittances in 6 months

Story by Kayode TokedeThe Central Bank of Nigeria (CBN) has disclosed that total direct remittances to Nigeria in six months of 2019 was $9.9billion...

Nigeria to save $20bn from food import ban

The implementation of the ‘no forex for food import’ directive could save $20 billion for the economy, a Central Bank of Nigeria (CBN) data...

CBN defends Naira with $430.04m, CNY 28.3m 4days as Naira trades...

The Central Bank of Nigeria (CBN) between August 6 and 9 has defended Naira with an accumulative $430.04 million and CNY 28.3 million, our...

US-China trade War: Foreign reserves down by $245.1m in 8 days...

Story by Kayode TokedeOver the escalation in United States and China trade war that is leading to dwindling global oil prices, the Central Bank...

CBN strategies to revamp agriculture, other non-oil sector

By Olabode JegedeWith decline inflow of foreign exchange into the country, the federal government under the leadership of President Muhammadu Buhari diversification into other...

CBN injects $210m into FX market as Naira traded flat at...

The inter-bank foreign exchange market received another boost of $210 million from the Central Bank of Nigeria (CBN), following transactions concluded on Tuesday.Figures obtained...

CBN strengthens consumer protection with new guidelines

The Central Bank of Nigeria (CBN) on Monday published a guidelines on customer's transactions disclosure and transparency with commercial banks, others.The apex bank  on...
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