Commercial banks stranded as N17.3 trillion stalls
Monetary tightening by the Central Bank of Nigeria (CBN) in a bid to curb stubborn inflation is restricting lenders (commercial ...
Read moreMonetary tightening by the Central Bank of Nigeria (CBN) in a bid to curb stubborn inflation is restricting lenders (commercial ...
Read moreThe Central Bank of Nigeria has announced the 294th meeting of the Monetary Policy Committee, a crucial gathering that shapes ...
Read morePresident Bola Tinubu has sought the Senate’s confirmation for Ruby Onwudiwe as a replacement for Dr Kalu Eke, who declined ...
Read moreA witness of the Economic and Financial Crimes Commission, Agboro Omowera, told a Federal Capital Territory High Court in Maitama ...
Read moreA deputy director in the Central Bank of Nigeria (CBN), Michael Onyeka Ogbu, has explained why the apex bank released ...
Read moreThe attention of the Central Bank of Nigeria (CBN) has been drawn to a story published bya national newspaper alleging ...
Read moreThe Central Bank of Nigeria has directed Deposit Money Banks to liquidate any surplus dollar stock by February 1, 2024, as part of new efforts to stabilize the country's erratic currency rate. The CBN, which made the announcement in a fresh circular issued on Wednesday, also urged lenders not to hold extra foreign currency for profit. According to officials, the central bank believes that some commercial banks maintain long-term foreign exchange positions in order to profit from exchange rate volatility. The new circular introduces a set of guidelines aimed at reducing the risks associated with these ...
Read moreThe Central Bank of Nigeria (CBN), fulfilling its pledge to clear the backlog of foreign exchange owed foreign airlines in ...
Read moreBy Ramatu Abubakar Governments all over the world tinker with some existing policies to achieve certain objectives or make sectoral ...
Read moreThe Central Bank of Nigeria (CBN) has held a two-day strategic session for members of the Monetary Policy Committee (MPC) meeting, preparatory ...
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