CBN warns against panic withdrawals, says old notes remain legal tender
The Central Bank of Nigeria (CBN) has informed Nigerians that there are enough naira notes in the country and cautioned against…
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CBN commences clearing FX backlogs to banks
Spokesperson for the Central Bank of Nigeria (CBN) Isah Abdulmumin on Thursday confirmed that the apex bank has initiated…
Why there is Naira scarcity in some locations – CBN
The Central Bank of Nigeria (CBN) has reports of insufficient stock of currency notes in the country.
The Central Bank of…
CBN clears air on alleged plans to ‘redenominate’ Naira notes…
The Central Bank of Nigeria (CBN) has announced that there are no intentions to redenominate or restructure the naira notes…
Court orders EFCC, CBN to transfer $9.7m, £74,000 confiscated from…
The Abuja Federal High Court yesterday ordered the Economic and Financial Crimes Commission (EFCC) to deposit $9.7 million and…
Why we lifted forex restriction on 43 items – CBN
The Central Bank of Nigeria (CBN) has provided justification for lifting foreign exchange restrictions on 43 items.
On…
Nigeria’s foreign exchange reserves drop to $33.23bn
Nigeria’s foreign exchange reserves dropped to $33.23 billion at the end of the third quarter (Q3) of 2023, according to data…
Banks’ borrowings from CBN rise by 79%
Borrowings by banks from the Central Bank of Nigeria, CBN, Standing Lending Facility, SLF, increased by 79 percent year on year…
Cardoso speaks on how CBN will stabilise FX market, slow inflation after…
The Senate has confirmed the appointment of Yemi Cardoso as the Central Bank of Nigeria (CBN) governor and four others as deputy…
Cardoso: CBN confirms Emefiele, deputies’ resignation
The Central Bank of Nigeria (CBN) has officially confirmed the resignation of Godwin Emefiele as the governor of the apex bank.…