The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of $7 billion have now been settled, fulfilling a key pledge of...
The Central Bank of Nigeria (CBN) has successfully concluded the sale of government securities following the issuance of N1.053 trillion (680 million dollars) in short-term instruments....
The Central Bank of Nigeria (CBN) has revoked the operational licenses of 4,173 Bureaux De Change (BDC) operators, citing non-compliance with regulatory requirements. The CBN announced...
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate by 400 basis points to a record 22.75%. The CBN...
The Central Bank of Nigeria (CBN) has conducted a successful Treasury Bills auction, selling a substantial N1.58 trillion as part of its efforts to manage liquidity in...
The 364-day tenor treasury bill was oversubscribed as its stop rates spiked to 19% at the February 7th 2024 auction. The CBN offered N600 billion of...
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said about $2.4 billion out of the reported $7 billion outstanding foreign exchange liabilities of...
Amid stakeholders’ rejection of the N1,356.883 exchange rate, the Central Bank of Nigeria (CBN) on Saturday readjusted the exchange rate on the Customs platform to N1,413.62/$1....
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to sell their excess dollar stock latest February 1, 2024, as part of moves...
For transparency and accountability, President Bola Tinubu has ordered the Central Bank of Nigeria (CBN) to take over the responsibility for crude oil sales from Nigerian...
The Central Bank of Nigeria (CBN) has released $500 million to various sectors as part of its determination to address the backlog of verified foreign exchange...
To prevent exposure to frauds and financial loses, OPay has introduced USSD codes its users could use to keep their accounts safe and secured in the...
In compliance with the directive of the Central Bank of Nigeria (CBN), mobile payment operator, OPay, has said it would block all customers’ accounts not connected...
Diaspora remittance inflows from Nigerians living in other countries around the world amounted to $125.169 billion in the six-year period spanning 2016 to 2021. This is...
The Nigerian energy sector underperformed in the second quarter of the year as the sector witnessed a decline in electricity and crude oil production due to...
Ongoing subscription to the December 2023 FGN Savings Bonds is slated to close tomorrow, Friday 8. Acting on behalf of the federal government, the Debt Management...
Banks have been asked to disconnect Switches, Payment Solution Service Providers, and Super Agents from the Nigeria Inter-Bank Settlement System Instant Payment (NIP) Outwards System. The...
The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is a...
The Central Bank of Nigeria (CBN) has stated that the old N200, N500, and N1,000 banknote designs will continue to remain legal tender, ad infinitum. The...
Savemore Retail Technologies Limited, a Nigerian retail partner to HP International Inc. has dragged the latter to court in Nigeria over a breach of contract by...
