The naira posted a moderate appreciation against the US dollar this week, gaining N8.62 or 0.01% week-on-week to close at N1,501.08 per dollar in the official...
Nine Deposit Money Banks (DMBs) are to pay a N1.35 billion fine for failing to adequately load their Automated Teller Machines (ATMs) during the Yuletide. The Central...
The Central Bank of Nigeria (CBN) has announced the launch of two new account types targeted at Nigerians in the diaspora: the Non-Resident Nigerian Ordinary Account...
CBN Halts Export Proceeds Repatriation Extensions The Central Bank of Nigeria (CBN) has announced an immediate suspension of approvals for the extension of export proceeds repatriation...
By Collins Nweke Nigerians who have been crying over harsh times and excruciatingly high cost of living have recently been told that theirs is no...
By FBNQuest Research According to the most recent data provided by the CBN’s Quarterly Statistical Bulletin (QSB), the total utilisation of foreign exchange (FX) by various...
Disengaged staff members of the Central Bank of Nigeria (CBN), who were laid off in a mass redundancy last year, are currently seeking redress at the...
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have issued a directive requiring Deposit Money Banks (DMBs) to settle the protracted ₦250...
External Reserves data released by the Central Bank of Nigeria (CBN) shows that Nigeria’s gross official reserves rose by $446.9 million to $40.2 billion in November...
The newly redesigned website of the Central Bank of Nigeria has gone live today, Monday December 2, 2024 with many pages on the site failing to...
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has the real sector of the economy is undergoing...
The Debt Management Office (DMO) has announced that the federal government’s domestic debt stock reached N66.957 trillion by the first half of 2024, representing an 8.74%...
A boost of $326.64 million that lifted Nigeria’s foreign reserves to $39.77 billion failed to pacify further depreciation of the naira at the official market last...
The Central Bank of Nigeria (CBN) released $547.7m (N823.19bn at the official exchange rate of N1,503.3/$1, as of June 30, 2024) to Nigerians for the importation of...
The Central Bank of Nigeria (CBN) will implement electronic foreign exchange matching systems (EFEMs) for foreign exchange transactions in the Nigerian foreign exchange market on December...
The Central Bank of Nigeria (CBN) has approved another sale of foreign exchange (FX) to eligible bureau de change (BDC) operators at N1,590 per dollar to meet...
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has raised the benchmark interest rate in the country by 50 basis points to 27.25%, the...
The Central Bank of Nigeria (CBN) on has announced plan to issue N2.20 trillion in treasury bills during the fourth quarter (Q4) of 2024, matching the...
The Central Bank of Nigeria (CBN) has granted regulatory approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank...
Nigeria’s Financial and Insurance sector grew from 10.1 per cent in 2021 to 31.2 per cent in the first quarter of 2024, according to the newly...
