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Naira appreciates, hit N1,735/$ in parallel market

On trading pattern, activity level at the Nigerian autonomous forex market surged as average turnove...

November 19, 2024
CBN plans to raise fines on erring banks

The Central Bank of Nigeria is preparing to impose stricter fines on banks that fail to comply with...

October 29, 2024
IFC, CBN in $1bn Partnership to boost local currency financing in Nigeria

The International Finance Corporation, a member of the World Bank Group and Nigera’s Central Bank (...

October 28, 2024
Higher interest rate necessary to check inflation- CBN
October 6, 2024

The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has defended the bank’s decision t...

CBN sells $543.5m FX to approved banks for market stability
October 5, 2024

Despite these sales, the naira only appreciated by 2.77 per cent to N1,541 at the official market bu...

CBN sells $20,000 to BDCs at N1,590/$1
September 26, 2024

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

JUST IN: CBN raises interest rate to 27.25%
September 24, 2024

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

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

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

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...

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