In June, there was a more than 20 percent increase in the total balance of domiciliary accounts in Nigeria’s commercial and merchant banks, an analysis of...
In a move to strengthen checks and balances within the institutional framework of the Central Bank of Nigeria, a Bill to create the position of Chairman...
The Central Bank of Nigeria (CBN) has directed all its branches across the country to continue to issue different denominations of the old and redesigned banknotes...
…Manufacturers’ debt to banks hit N6.98 trillion in June – CBN …Expert raises alarm over banks’ liquidity By Seun Ibiyemi Banks’ borrowings from the Standing Lending...
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has reiterated that his leadership would focus mainly on the core mandate of price...
In a significant move to address the foreign exchange crisis in Nigeria, the Central Bank of Nigeria (CBN) has reportedly started clearing over $10 billion in...
By Sodiq Adelakun The Nigerian naira’s prospects have improved following reports that the Central Bank of Nigeria (CBN) is likely to fulfill its forward foreign exchange...
The Central Bank of Nigeria has refuted reports that it intends to redenominate the country’s currency, the Naira, from January 2024. In a statement released on...
A recent report by the Central Bank of Nigeria (CBN) has revealed that Nigerians spent a whopping sum of $340.84 million on application fees between January...
The Central Bank of Nigeria’s (CBN) unsettled Foreign Exchange (FX) forward contracts have become a cause for concern among analysts in the financial service sector. The...