The Nigerian Naira appreciated significantly in the foreign exchange (FX) market as trading resumed after the Easter holiday, with rates dropping to N1,238.3 against the US...
Stakeholders have said it is imperative for the Central Bank of Nigeria (CBN) to assure depositors of the safety of their funds in the banking system,...
The Central Bank of Nigeria (CBN) and other banking institutions have significantly bolstered the foreign exchange market by injecting an additional $2.5 billion over the past...
Prominent Nigerian economist, Bismark Rewane, has predicted a fall in the price of food items such as rice, bread and others in the coming days. Rewane...
The Central Bank of Nigeria (CBN) says the inflow of over $1.5 billion into the economy over the past few days indicates that its monetary policy...
The Central Bank of Nigeria, CBN, has removed limits placed on trade and payment services transactions on the Pan African Payment and Settlement System, PAPSS. The...
The Central Bank of Nigeria (CBN) has said that it recorded an inflow of over $1.5 billion into the economy over the past few days. The...
The Central Bank of Nigeria plans to closely monitor the recapitalisation of the Nigerian banking sector, alongside law enforcement agencies. The move is intended to prevent...
The Nigerian Naira has depreciated in value at the official market, with the exchange rate falling to N1,309.39 to a dollar, according to the latest data...
The House of Representatives has berated the Central Bank of Nigeria (CBN), Federal Inland Revenue Service (FIRS), commercial banks and other financial institutions over alleged questionable...
Bank mergers are imminent as the Central Bank of Nigeria, CBN, has raised minimum capital requirements for banks. CBN disclosed this in a circular signed by...
Some Nigerians who benefited from the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank’s targeted credit facility (TCF) have failed to pay N261.07bn out of...
The Central Bank of Nigeria (CBN) has released new minimum capital requirements for commercial, merchant and non-interest banks. In a statement on Thursday by its Acting...
A financial analyst and educator, Kalu Aja, has advised the Nigerian government to utilize the window period provided by the Central Bank of Nigeria, CBN. DAILY...
The Independent Media and Policy Initiative, IMPI, has said that the fiscal and monetary policy authorities in Nigeria have found a way of setting the economy...
The Central Bank of Nigeria (CBN), led by Governor Olayemi Cardoso, is actively investigating irregular foreign exchange transactions and forward contracts valued at approximately $2.4 billion....
Naira’s appreciation against the US dollar continued on Monday, exchanging N1,290 and N1,382.95 per USD at both parallel and official foreign exchange markets amid the Central...
The Central Bank of Nigeria (CBN) has said that it refused to validate the outstanding $2.4 billion Forex forward transactions because they were ineligible for forex...
The Central Bank Governor, Olayemi Cardoso, has stated that although the Security and Exchange Commission regulates Binance, the Central Bank has consistently shared information about the...
The Governor of the Central Bank, Olayemi Cardoso, has explained that the apex bank has continued to share information on Binance with other Nigerian government agencies....
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate, which benchmarks interest rates, from 22.75 percent to 24.75 percent. The CBN Governor, Olayemi...
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate by 200 basis points to 24.75 per cent in a continued chase to tame...
The Central Bank of Nigeria, CBN, has provided Bureau De Change, BDCs, operators with $10,000 at an exchange rate of N1,251 per United States, US, dollar....
The Central Bank of Nigeria (CBN) has confirmed to the Bureau De Change operators (BDCs) that it sold $10,000 to each BDC at an exchange rate...
A former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has criticized the notion that the naira will stabilize at N400 to the...
A document from the Central Bank of Nigeria showed that thirty-one states owed the apex bank N330.9 billion obtained to pay workers’ salaries between 2015 and...
The Senate, through its ad hoc committee probing the issuance of N22.7 trillion Ways and Means to the Federal Government during President Muhammadu Buhari’s administration by...
A report by the Central Bank of Nigeria, CBN, has revealed that out of the total loans of N10.3 trillion disbursed as intervention, N193 billion has...
Foreign airline operators in Nigeria have challenged the announcement by the Central Bank of Nigeria (CBN) that it has cleared all valid foreign exchange backlogs. Speaking...
The Central Bank of Nigeria (CBN) has revealed that a total of N10.3 trillion was disbursed as intervention funds under Godwin Emefiele. The apex bank said...
The Central Bank of Nigeria (CBN) has said it has not introduced a new intervention as a result of the fertiliser it donated to farmers recently....
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, thereby fulfilling a key pledge of the CBN...
The Central Bank of Nigeria (CBN), on Wednesday, announced it has cleared the $7 billion foreign exchange (FX) backlog inherited by Governor Yemi Cardoso. The apex...
The Central Bank of Nigeria (CBN) has cleared the $7 billion foreign exchange (FX) backlog which was pending when Yemi Cardoso took over as the Governor...
Nigerians are expected to heave a sigh of relief in the coming days as the Central Bank of Nigeria (CBN), on Tuesday, reduced the Foreign Exchange...
The Central Bank of Nigeria, CBN, has lifted forex restrictions on the importation of milk and dairy products in the country, a move expected to push...
The Central Bank of Nigeria (CBN) has lifted the restrictions on the importation of milk and dairy products. Naija News recalls that on February 11, 2020,...
The Central Bank of Nigeria (CBN) has announced that the 294th meeting of the Monetary Policy Committee (MPC) will be held on Monday, March 25, 2024....
The Senate has expressed its intention to summon former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, concerning the N30 trillion ‘Ways and Means’ advances issued...
The Central Bank of Nigeria, CBN, has fixed March 25 and 26, 2024, as the dates for its 294th Monetary Policy Committee meeting amid the continued...
Not less than 19 top officials in the Central Bank of Nigeria(CBN) have been retired in a move by the Dr Olayemi Cardoso-led apex bank at...
The Central Bank of Nigeria (CBN) is reportedly preparing to dismiss twelve directors in the coming days, following the termination of the employment of seven directors...
There is anxiety among the management staff of the Central Bank of Nigeria as 19 directors have been issued termination letters. According to the Nation, while...
The Central Bank of Nigeria, CBN, has N2.126 trillion in unpaid funds from its intervention programme, which has remained unpaid since 2018. This is according to...
There are reports that the Governor of Central Bank of Nigeria, Yemi Cardoso, is planning to retire eight directors of the apex bank who were employed...
The Central Bank of Nigeria has reviewed its exchange rate for cargo clearance downwards by N18.87 to N1593.41 per US dollar amid the continued appreciation of...
The Central Bank of Nigeria has insisted that its 2.15 million bags of fertilizers donated to the Federal Ministry of Agriculture and Food Security are free...
Ahead of the April 2024 deadline by the Central Bank of Nigeria, the registration for Bank Verification Number, BVN, increased to 61.16 million on March 15,...
A new report from Ernst and Young estimates that 17 out of 24 banks might not meet the capital requirement from the CBN if it is increased...
The Central Bank of Nigeria (CBN) has instructed banks not to utilize such foreign exchange revaluation gains to pay dividends or meet operating expenses. The apex...
President Bola Tinubu is reportedly set to withdraw the nomination of Ruby Onwudiwe as a Board member of the Central Bank of Nigeria (CBN). Naija News...
The Central Bank of Nigeria (CBN) has implemented several measures aimed at arresting the free fall of the Naira against major foreign currencies, notably the US...
The Central Bank of Nigeria (CBN) has donated 2.15 million bags of fertilisers worth N100 billion to farmers through the Ministry of Agriculture and Food Security....
The Central Bank of Nigeria (CBN), on Wednesday, slashed the exchange rate for computing Customs duties at the nation’s seaports and airports by 0.76 per cent.The...
President Bola Tinubu has asked the Senate to confirm the appointment of Dr Ruby Onwudiwe as a member of the Board of Directors of the Central...
The Central Bank of Nigeria, CBN, has announced the allocation of 2.15 million bags of fertilizers worth over N100 billion to the Federal Ministry of Agriculture...
President Bola Tinubu has sought Senate’s confirmation for the appointment of Dr Ruby Onwudiwe, as a member of the Board of Directors of the Central Bank...
The Central Bank of Nigeria, CBN, commenced a Treasury Bills, T-Bills Primary Market Auction, PMA, on Wednesday. This is according to CBN’s latest T-BIlls schedule. At...
The Central Bank of Nigeria (CBN) is scheduled to hold a Treasury Bills (T-Bills) Primary Market Auction (PMA) on Wednesday March 13. Treasury bills (T-bills) are...
The Central Bank of Nigeria (CBN) has raised the exchange rate for calculating Customs duties at the nation’s seaports by 1.9 per cent following further depreciation...
A witness of the Economic and Financial Crimes Commission (EFCC), Agboro Omowera, stated on Monday that the former governor of the Central Bank of Nigeria (CBN),...
The Presidency has said former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, took billions from the foreign reserves without the approval of former...
An Ad-Hoc Committee has been established by the Senate to investigate the Ways and Means, including the Anchor Borrowers Programme by the Central Bank of Nigeria...
The Presidency has denied claims that there is a political vendetta against the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The Special...
Economist Intelligence Unit, a global research firm, says President Bola Ahmed Tinubu’s administration should consider foreign borrowing to rescue the Naira against the USD in the...
The Canadian Dollar to Naira exchange rate in Nigeria’s informal currency trading circles, popularly known as the black market, has reached N1,153.469 as of March 10,...
Odoh Eric Ocheme has been revealed as one of the suspects wanted for allegedly forging former President Muhammadu Buhari’s signature to effect the disbursement of $6,230,000...
The Central Bank of Nigeria says foreign portfolio inflow into Nigeria surged $2.3 billion in the first two months of 2024 compared to $3.9 billion recorded...
The trial of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, took a significant turn on Thursday at the Federal Capital Territory...
The Central Bank of Nigeria has threatened to sanction all primary mortgage banks, Microfinance Banks and Development Finance Institutions in the country regarding the timely submission...
The Central Bank of Nigeria (CBN) has again raised the exchange rate for calculating Customs duties at the nation’s seaports by 1.1 percent after a few...
The Minister of Finance, Olawale Edun, says the printing of N22.7 trillion by the Central Bank of Nigeria in the name of a Ways and Means...
In Nigeria, the handling of the national currency, the Naira, is subject to strict regulations outlined by the Central Bank of Nigeria (CBN). These regulations are...
The Edo State governor, Mr Godwin Obaseki, has flayed the decision of the Central Bank of Nigeria (CBN) to increase the interest rate to 22.75 per...
The Nigerian Customs Service (NCS) has reviewed its foreign exchange (FX) rate for customs duties collection by 5.3 per cent to N1,544.081 per US dollar amid...
Download Here Banks are crowded, as Nigerians in their normal way of last-minute fire brigade mode, are trying to link their… The...
The Governor of Edo State, Godwin Obaseki, said the Central Bank of Nigeria got it wrong again by raising the Monetary Policy Rate, MPR, to 22.75...
Governor Godwin Obaseki of Edo State has flayed the Central Bank of Nigeria for raising the Monetary Policy Rate (MPR) by 22.75 per cent amidst the economic...
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 requested feedback from Nigerians regarding the resolutions reached during its latest Monetary Policy Committee (MPC) meeting. Naija News reports...
The Independent Corrupt Practices and Other Related Offenses Commission, ICPC, has questioned two officials of the Central Bank of Nigeria, CBN, and one from the Office...
The Central Bank of Nigeria (CBN) has said it successfully concluded a sale of government securities, issuing 1.053 trillion ($680 million) in short-term instruments. The apex...
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has questioned two officials of the Central Bank of Nigeria (CBN) and one from the Office...
The Central Bank of Nigeria (CBN), has successfully concluded a sale of government securities, issuing N1.053 trillion (US$680 million) in short-term instruments as part of its...
The Central Bank of Nigeria, CBN, says it has concluded the sale of government securities, issuing N1.053 Trillion($680 million) in short-term instruments as part of its...
The former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele is moving out of the apex bank Governors’ quarters in Lagos. According to The...
The Centre for the Promotion of Private Enterprise said revoking 4,173 Bureau De Change operator licenses by the Central Bank of Naira is good for the...
A former spokesperson of the Atiku/Okowa Presidential Campaign Organisation, Daniel Bwala, has denied media reports that he called for the removal of Olayemi Cardoso from his...
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) operators. Naija News reported that the CBN made this known...
In a surprising turn of events, the Nigerian Naira witnessed a significant depreciation at the parallel section of the foreign exchange market on Friday, reversing its...
In a sweeping move that could affect over 70 million bank customers, the Central Bank of Nigeria (CBN) is set to enforce a new directive that...
The Central Bank of Nigeria has kept mum as the deadline for banks to restrict customers’ accounts without a Bank Verification Number or National Identity Number...
The Central Bank of Nigeria (CBN) has revoked the licences of 4,173 Bureaux De Change Operators. The list of affected BDC operators was released on the...
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) Operators, Naija News reports. This is in exercise of the...
A former spokesperson of the Atiku/Okowa Presidential Campaign Organisation, Daniel Bwala, has made a public appeal to President Bola Tinubu for the removal of Olayemi Cardoso...
The Central Bank of Nigeria plans to sell N1.64 trillion worth of Treasury Bills in the second quarter of 2024. The apex bank disclosed this in...
The Federal Government has slammed a $10 billion fine on the widely-used cryptocurrency trading platform, Binance. Bayo Onanuga, the Special Adviser on Information and Strategy to...
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says it has cleared all foreign exchange backlogs except for five commercial banks. Cardoso disclosed this...
Nigerians have been instructed by the Central Bank of Nigeria (CBN) to link their National Identification Number (NIN) and Bank Verification Number (BVN) to their bank...