News CBN halts export proceeds repatriation extensions Toyibat Ajose Jan 10, 2025 The Central Bank of Nigeria (CBN) has announced the immediate suspension of approvals for extending the repatriation period of…
News Net forex inflows rises to $4692bn – CBN Alagbe Shenayon Jan 6, 2025 According to data from the Central Bank of Nigeria (CBN), net foreign exchange (FX) inflows into the economy increased by 65.7%…
News FG’s deficit spending surges to N12.1tn — CBN Alagbe Shenayon Jan 3, 2025 The Federal Government's deficit spending increased by 28% Year-on-Year, reaching N12.1 trillion in the first ten months of 2024.…
News Nigeria’s economy grew in Q3 2024 – CBN Alagbe Shenayon Dec 23, 2024 The Nigerian economy recorded a growth of 3.46% in Q3 2024, with the output rising to ₦20.115 trillion, up from 3.19% (₦18.285…
Business CBN allows BDCs $25,000 weekly FX purchase for holidays Toyibat Ajose Dec 21, 2024 The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary access to purchase up to $25,000 weekly…
News Businesses project Naira depreciation into Q1 2025 — CBN Alagbe Shenayon Dec 20, 2024 The Central Bank of Nigeria (CBN) has reported that while businesses remain optimistic about the macroeconomic environment, they…
Business Nigerian Businesses predict further Naira depreciation Toyibat Ajose Dec 20, 2024 The Central Bank of Nigeria (CBN) has reported that businesses, while optimistic about the broader macroeconomic environment,…
Business CBN announces daily, weekly withdrawal limit per customer on POS terminals Oluwadamilare Emmanuel Dec 18, 2024 The Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to N100,000 per customer.…
News CBN imposes N150m fine on banks releasing new notes to hawkers Alagbe Shenayon Dec 14, 2024 The Central Bank of Nigeria (CBN) has imposed a ₦150 million fine on Deposit Money Banks found guilty of facilitating the illegal…
Business CBN releases designated contacts for reporting over-the-counter, ATM cash… Oluwadamilare Emmanuel Dec 4, 2024 The Central Bank of Nigeria (CBN) has released designated contacts for bank customers to report difficulties experienced with…