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CBN

CBN implements $100,000 minimum trade requirement for banks on FX platform

November 27, 2024 Blossom 0

The Central Bank of Nigeria has issued fresh guidelines for interbank foreign exchange trading via the Electronic Foreign Exchange Matching System, mandating a minimum trade […]

Court halts CBN’s allocation release to Rivers Govt

October 30, 2024 Blossom 0

Justice Joyce Abdulmalik of the Federal High Court Abuja has stopped the Central Bank of Nigeria (CBN) from further releasing monthly financial allocations to the […]

CBN confirms no cutoff date for old N200, N500, N1000 notes

October 25, 2024 Blossom 0

The Central Bank of Nigeria has announced that there is no deadline on the circulation of old N200, N500 and N1000 bank notes. The spokesperson […]

Cardoso champions Africa’s voice at Bretton Woods 80th anniversary forum

September 30, 2024 Verity News 0

ABUJA —The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has concluded his participation in the high-level Bretton Woods at 80 Forum, where he represented Africa’s […]

CBN issues clarification amid controversy over recent policy document

September 21, 2024 Blossom 0

The Central Bank of Nigeria has made some clarifications regarding the Monetary, Credit, Foreign Trade, And Exchange Policy Guidelines For Fiscal Years 2024 – 2025 […]

CBN: Diaspora remittance inflows increase by 130 per cent

August 20, 2024 Verity News 0

The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows,reaching $553 million in July 2024, a 130 per cent increase from […]

CBN re-introduces key economic reports

August 13, 2024 Blossom 0

The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering transparency and accountability in the […]

CBN reaffirms commitment to provide liquidity support to FX markets

August 9, 2024 Verity News 0

In the latest testament to the Central Bank of Nigeria’s (CBN) ongoing commitment to support the proper functioning of the foreign exchange market by enhancing liquidity when necessary, […]

Naira exchange rate hits 1,596/$ amid $25 billion forex inflows

August 9, 2024 Blossom 0

The Central Bank of Nigeria has revealed that the net foreign exchange flows into the country increased to $25.4bn in the first six months of […]

Senate approves bill to raise CBN loans to FG under ways and means

July 31, 2024 Blossom 0

The Senate on Wednesday passed a bill to increase the percentage of Ways and Means loans the Central Bank of Nigeria (CBN) can give to […]

CBN raises interest rate to 26.75%

July 23, 2024 Blossom 0

The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark lending rate to 26.75 per cent. The hike in the Monetary […]

CBN sells $122.671 to 46 authorized dealers

July 13, 2024 Verity News 0

The Central Bank of Nigeria (CBN) has sold the sum of US$122,671,000.00 (One Hundred and Twenty-Two Million, Six Hundred and Seventy-One Thousand United States Dollars) to 46 authorised dealers in its determination […]

CAC announces cancellation of certificates for BDCs with revoked licences

July 11, 2024 Blossom 0

The Corporate Affairs Commission has said it would cancel the certificates of incorporation of Bureaux De Change whose licences have been revoked by the Central Bank […]

Why CBN is pushing for recapitalization again – Cardoso

July 8, 2024 Blossom 0

The Central Bank of Nigeria, CBN, insisted weekend that further capitalisation of banks in the country was for the common good of the nation. CBN […]

Recapitalization will create stronger, more resilient banks-Cardoso

June 28, 2024 Verity News 0

  …. to support the Government’s economic growth agenda The Governor of the Central Bank of Nigeria(CBN), Mr. Olayemi Cardoso, has said that the Bank will continue to collaborate with relevant financial institutions, the […]

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