The Central Bank of Nigeria (CBN) has reported a 39 percent increase in inflows through International Money Transfer Operators (IMTOs) for the first quarter of 2024 compared to the same period in 2023. This is according to data from the…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has stated that the country’s external reserve has increased to $36.89 billion as of July, 16 2024. CBN Governor, Mr. Olayemi Cardoso, made this statement during an…
The Central Bank of Nigeria (CBN) has implemented stricter regulations for managing dormant accounts and unclaimed financial assets in banks and other financial institutions. These new guidelines, effective immediately, supersede previous policies issued in 2015. This is made known in…
The Central Bank of Nigeria (CBN) says it has commenced regular sale of foreign exchange (fx) through authorised dealer banks and licensed Bureaux De Change (BDCs) to bridge gap. The Director, Financial Markets Department, CBN, Ms Omolara Duke, said this…
The Central Bank of Nigeria (CBN) said in Abuja on Friday that its monetary policies and actions have stimulated growth and stability of the nation’s economy. CBN Governor, Mr. Olayemi Cardoso, said this during an engagement with Senate Committee on…
The Central Bank of Nigeria’s sale of foreign currencies to legible Bureau De Change operators gulped $110.81 million from February to July 18, 2024, amid measures implemented to defend the Naira. This is according to CBN circulars on the release…
The Central Bank of Nigeria on Thursday sold dollars to eligible Bureau De Change operators at the rate of N1,450 This was disclosed in a statement signed by the acting director of the Trade and Exchange Department at the CBN,…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that persistent inflation could prolong monetary tightening measures and hinder the nation’s growth potential. He said this in the foreword of the inaugural edition of the CBN’s…
The Central Bank of Nigeria on Thursday sold dollars to eligible Bureau De Change operators at the rate of N1450 This was disclosed in a statement signed by the acting director of the Trade and Exchange Department at the CBN,…
By Esther Agbo The Federal Government, through the Office of the Accountant General of the Federation, has directed all Ministries, Departments, and Agencies (MDAs) to remit five percent retention fees deducted from contractors’ payments to the Central Bank of Nigeria…
