Security agencies after firms involved in forex racketeering – CBN
The Central Bank of Nigeria (CBN) has announced that security agencies, including the Economic and Financial Crimes Commission,…
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CBN raises interest rate to 24.75%
The Central Bank of Nigeria (CBN) increased the interest rate to 24.75% from 22.75 percent.
CBN sells FX to BDCs at N1,251/$1 as Naira strengthens
As the naira progressively improves against the dollar following months of unanticipated uncertainties, the Central Bank of…
Top 10 beneficiaries of CBN’s N138 billion healthcare sector intervention…
Since the establishment of the Central Bank of Nigeria's N10.3 trillion intervention funds, the Nigerian healthcare sector has…
CBN clears $7bn forex backlogs
The Central Bank of Nigeria has declared that it has successfully resolved all valid foreign exchange backlogs, thereby reducing a…
CBN lifts FX restrictions on importation of milk, dairy products
The Central Bank of Nigeria (CBN) has removed the limitations on the importation of milk and dairy products.
On February 11,…
DisCos borrow N273.24 billion from CBN to purchase meters, others
The Central Bank of Nigeria approved a loan facility of N273.34 billion for Nigeria's eleven Electricity Distribution Companies…
Food Security: CBN donates over 2 million bags of fertiliser worth N100…
The Central Bank of Nigeria (CBN) has made a substantial contribution to the agricultural sector by donating over 2 million bags…
CBN increases customs FX clearance rate by N18.44 to N1612/$
The Central Bank of Nigeria (CBN) has increased the FX rate for clearance of goods at different import points by N18.44 from…
CBN reports increase in dollar inflow, remittances quadruple
The Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflow into the economy in February…