The Central Bank of Nigeria (CBN) has directed fintech companies to stop onboarding new customers until further notice. This directive is coming few months after the...
The Central Bank of Nigeria (CBN) has reduced the customs import duties at the nation’s ports. Naija News reports that Customs duties are taxes and levies...
The Central Bank of Nigeria (CBN) has initiated the sale of $10,000 to Bureau De Change (BDC) operators, offering them direct access to US dollars at...
The Central Bank of Nigeria (CBN), has adjusted the Customs exchange rate for clearance of cargoes at the nation’s seaports and airports from N1,238/$1 to N1,150/$1....
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso has said it is not the intention of the apex bank to defend the naira,...
The banking industry credit to the government saw a decline in February this year as banks increased their lending to the private sector. Latest data from...
The value of the naira gained strength at the parallel market on Thursday as the three-day public holiday was rounding up, selling around N1,150 to the...
Investors are currently favouring investment in Treasury bills and bonds ahead of private sector funding amid high interest rates, LEADERSHIP learnt. Capital is a vital ingredient...
The Customs exchange rate for computing import duty at the nation’s seaports has dropped from N1,246.66/$ to N1,238/$1. The reduction represents a decline of N6.14 in...
The Central Bank of Nigeria (CBN) has banned the use of foreign denominated collaterals for Naira loans. However, Eurobonds issued by the Federal Government of Nigeria...
The Central Bank of Nigeria (CBN) has crashed the exchange rate for Bureau De Change (BDC) operators to N1,101 per dollar from N1,251/$1, following rising inflow...
As the value of the Naira strengthens against US dollar, the Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all Central...
The Central Bank of Nigeria (CBN), on Friday, reduced the exchange rate for computing import duty at the nation’s seaports by 5.3 per cent. The reduction...
Going by the new capital requirements released by the Central Bank of Nigeria (CBN) for commercial, non-interest and merchant banks on Thursday night, 25 banks operating...
Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the nation’s financial system, the Central Bank...
The naira’s continuous rise in both the official and parallel markets has brought some measures of reprieve for Nigerian importers as the Central Bank of...
The Central Bank of Nigeria (CBN) has issued a circular addressed to Bureau De Change operators (BDCs), revealing that each BDC has been allocated $10,000 at...
Foreign Airlines operating at Nigerian airports have disputed a claim by the Central Bank of Nigeria (CBN) that it has settled all outstanding backlog of forex...
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) has advised young secondary school students in the country to imbibe the culture of financial savings to better secure their...
For the second time in seven days, the Central Bank of Nigeria (CBN) has slashed the exchange rate for computing Customs duties at the nation’s seaports...
The Central Bank of Nigeria (CBN) has re-emphasised that banks are barred from paying dividends to shareholders or spend on operating expenses from foreign currency revaluation...
The Central Bank of Nigeria (CBN) has given 2.15 million bags of fertiliser, valued at over N100 billion to the Federal of Agriculture and Food Security...
The House of Representatives, on Tuesday, issued a directive to the Central Bank of Nigeria (CBN), instructing it to ensure that commercial banks do not hold...
The Central Bank of Nigeria (CBN) has issued a warning to all deposit money banks, licensed non-interest banks and other authorised dealers over persistent use of...
The Central Bank of Nigeria (CBN) has reported an increase in foreign exchange inflow into the economy in February 2024, with increments in remittance payments by...
Respite appears on the horizon for Nigerians as prices of imported goods and raw materials are expected to nosedive as the Central Bank of Nigeria (CBN),...
A rights group, the Nigerian Unemployed Youth Vanguard, has urged President Bola Ahmed Tinubu to take immediate action in restructuring the leadership of the Central Bank...
In a proposed legislation, the National Assembly is seeking to make the tenure of Central Bank of Nigeria (CBN) Governor a six-year non-renewable term. The ongoing...
The Central Bank of Nigeria (CBN) has increased the monetary interest rate by 400 basis points, taking the interest rate benchmark to 22.75 per cent from...
The Central Bank of Nigeria (CBN), in what seems to be a desperate move to manage an economy in crisis has, since the coming into office...