By Seun Ibiyemi Nigeria’s economy recorded a downturn in net foreign exchange (forex) inflows in January 2025, driven mainly by a marked reduction in contributions from the Central Bank of Nigeria (CBN), according to the apex bank’s January Economic Report…
By Seun Ibiyemi As Nigeria accelerates its pursuit of a $1 trillion economy by 2030, the Central Bank of Nigeria (CBN) has reaffirmed the pivotal role of the banking industry in driving this transformation. Speaking at a seminar for finance…
By Seun Ibiyemi The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has called on the Central Bank of Nigeria (CBN) to step up its commitment to shielding indigenous enterprises and the wider industrial sector from looming collapse. This…
The Central Bank of Nigeria (CBN), Damaturu Branch, on Thursday donated fire-fighting equipment to the Ultra-Modern Police Hospital, Damaturu, as part of its Corporate Social Responsibility (CSR) initiative. The CBN team, led by Branch Manager Mr Umar Wadata, included the…
The Central Bank of Nigeria (CBN), Damaturu Branch, on Thursday donated fire-fighting equipment to the Ultra-Modern Police Hospital, Damaturu, as part of its Corporate Social Responsibility (CSR) initiative. The CBN team, led by Branch Manager Mr Umar Wadata, included the…
… As external reserves surge to $40.19bn By Seun Ibiyemi The Central Bank of Nigeria (CBN) has announced a balance of payments (BOP) surplus of $6.83 billion for the 2024 financial year, a significant reversal from a deficit of…
Association of Bureau de Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to sustain its reforms against inflation and Foreign Exchange (FX) volatility, especially after the recent U.S. tariff imposition on Nigerian exports. President of…
The Central Bank of Nigeria injected $197.71 million into the foreign exchange market on April 4, 2025, as part of its ongoing efforts to ensure adequate liquidity and stabilize the market. This was disclosed in a statement by the Director…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has firmly rejected claims that it is set to introduce new N5,000 and N10,000 banknotes, dismissing the reports as completely unfounded. In a statement shared on X, formerly Twitter, on Wednesday,…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has restated the apex bank’s dedication to cleansing the foreign exchange (FX) market by removing unscrupulous participants and ensuring a stable exchange rate as a foundation for economic recovery.…
