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CBN sells $20,000 to BDCs at N1,590/$1

The Central Bank of Nigeria (CBN), on Wednesday, announced it had approved the sale of $20,000 to ea...

September 26, 2024
JUST IN: CBN raises interest rate to 27.25%

The Central Bank of Nigeria’s Monetary Policy Committee has increased the interest rate by 50 basis...

September 24, 2024
CBN expands Nigeria's global influence with eNaira adoption

“The CBN shall continue to work towards enabling the use of eNaira wallets/channels by payers to pay...

September 24, 2024
CBN pegs fresh cybercrime levy at 0.005%
September 20, 2024

The Central Bank of Nigeria (CBN) has announced that it will continue enforcing the controversial cy...

Importation of petroleum products: CBN releases $2.9bn to oil sector
September 20, 2024

The Central Bank of Nigeria (CBN) has released a total sum of $2.97bn to oil sector players for the...

CBN may halt interest rates hike — Report
September 17, 2024

Nigeria's inflation rate fell to its lowest level in six months in August, prompting Nigeria's centr...

CBN gives PoS operators one month to use aggregators
September 13, 2024

The Central Bank of Nigeria has directed that all Point of Sale (PoS) operators must route transacti...

CBN approves $20,000 for eligible BDCs at N1,580 exchange rate
September 7, 2024

The Central Bank of Nigeria (CBN) says it has approved 20,000 dollars each for eligible Bureau de Ch...

CBN,NDIC,SEC partner to streamline bank's recapitalisation process
September 3, 2024

The Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC) and the Nigeria Depo...

Nigeria’s foreign trade payments crash by 57%
September 2, 2024

The Central Bank of Nigeria has stated  that Nigeria’s Letter of Credit payments in the first seven...

FX Turnover hit $7.4bn in July – Report
August 26, 2024

The foreign exchange turnover in July amounted to N11.48tn ($7.39bn) at the official trading window...

FG's deficit rose to N824bn in April – CBN
August 23, 2024

The Federal Government’s fiscal deficit rose month-on-month by 0.1 per cent to N824.79bn in April fr...

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