Old Naira notes, N1000, N500 and N200 still valid-CBN
The Central Bank of Nigeria (CBN) has dismissed claims that some denominations of the Naira are no longer valid. The apex bank reiterated that the […]
CBN
House of Reps orders CBN to suspend staff retirements pending probe
The House of Representatives, on Tuesday, directed the Central Bank of Nigeria, CBN to suspend the retirement of 1,000 staff and the associated payoff scheme […]
CBN implements $100,000 minimum trade requirement for banks on FX platform
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
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
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
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
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
The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows,reaching $553 million in July 2024, a 130 per cent increase from […]
CBN re-introduces key economic reports
The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering transparency and accountability in the […]
CBN reaffirms commitment to provide liquidity support to FX markets
In the latest testament to the Central Bank of Nigeria’s (CBN) ongoing commitment to support the proper functioning of the foreign exchange market by enhancing liquidity when necessary, […]
Naira exchange rate hits 1,596/$ amid $25 billion forex inflows
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
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%
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
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
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 […]