Business CBN clears air on alleged plans to ‘redenominate’ Naira notes… Oluwadamilare Emmanuel Oct 31, 2023 The Central Bank of Nigeria (CBN) has announced that there are no intentions to redenominate or restructure the naira notes…
News Court orders EFCC, CBN to transfer $9.7m, £74,000 confiscated from… Toyibat Ajose Oct 31, 2023 The Abuja Federal High Court yesterday ordered the Economic and Financial Crimes Commission (EFCC) to deposit $9.7 million and…
Business Why we lifted forex restriction on 43 items – CBN Oluwadamilare Emmanuel Oct 14, 2023 The Central Bank of Nigeria (CBN) has provided justification for lifting foreign exchange restrictions on 43 items. On…
Business Nigeria’s foreign exchange reserves drop to $33.23bn Oluwadamilare Emmanuel Oct 6, 2023 Nigeria’s foreign exchange reserves dropped to $33.23 billion at the end of the third quarter (Q3) of 2023, according to data…
News Banks’ borrowings from CBN rise by 79% Toyibat Ajose Oct 3, 2023 Borrowings by banks from the Central Bank of Nigeria, CBN, Standing Lending Facility, SLF, increased by 79 percent year on year…
Business Cardoso speaks on how CBN will stabilise FX market, slow inflation after… Oluwadamilare Emmanuel Sep 27, 2023 The Senate has confirmed the appointment of Yemi Cardoso as the Central Bank of Nigeria (CBN) governor and four others as deputy…
Business Cardoso: CBN confirms Emefiele, deputies’ resignation Oluwadamilare Emmanuel Sep 23, 2023 The Central Bank of Nigeria (CBN) has officially confirmed the resignation of Godwin Emefiele as the governor of the apex bank.…
Business CBN unveils portal for microfinance bank licence applications Oluwadamilare Emmanuel Sep 21, 2023 The Central Bank of Nigeria (CBN) has introduced an online platform for the submission of Microfinance Bank licence applications.…
News Emefiele resigned as CBN Governor in August – Report Toyibat Ajose Sep 17, 2023 The suspended governor of the Central Bank of Nigeria, Godwin Emefiele, resigned from his position in August paving the way for…
News CBN’s currency swap hits $12bn amid weak reserves Toyibat Ajose Sep 9, 2023 Fitch Ratings has estimated the Central Bank of Nigeria’s currency swaps with domestic banks to be between $10bn and $12bn as of…