The wide gap in the naira/dollar exchange rates in the different segments of the foreign exchange market is likely to be reduced when the Central Bank...
By CBN In line with a directive of the Power Sector Coordination Working Group to improve payment discipline in the Nigerian Electricity Supply Industry (NESI), and...
The Central Bank of Nigeria has moved to curb abuse of forex acquisition by dealers as the apex bank banned with immediate effect involvement of third...
The country’s total export earnings fell by 14.9 per cent to $13.39bn in April due to decline in crude oil prices. The Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) disbursed lower denomination banknotes worth N237.14 billion to microfinance banks (mfbs), merchants, shopping malls, market associations among others in 2019,...
CBN could not but adjust the exchange rate in view of exigencies In many ways, the latest adjustment by the Central Bank of Nigeria (CBN), of...
The Central Bank of Nigeria (CBN) has committed a sum of N435 million to capacity building in Nigerian universities as part of its involvement in community...
The general public and deposit money banks (DMBs) in Nigeria have in their custodies a total sum of N2.39 trillion that constituted currency-in-circulation (CIC) in the...
…as apex bank rolls out modalities The Central Bank of Nigeria (CBN) has approved N50 billion intervention fund for the revamping of Nigerian textile industry....
The Central Bank of Nigeria (CBN) is to establish an Infrastructure Development Company, its governor, Godwin Emefiele, disclosed on Monday in Abuja. Mr Emefiele, who spoke...
