Business CBN fixes $100,000 minimum trade for banks on forex platform Alagbe Shenayon Nov 27, 2024 The Central Bank of Nigeria (CBN) has announced a minimum trade value of $100,000 for interbank foreign exchange (FX) trading via…
Business CBN hikes interest rate to 27.5%, gives reasons Oluwadamilare Emmanuel Nov 26, 2024 The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which…
News CBN warns against fake ‘swift’ messages Alagbe Shenayon Nov 20, 2024 The Central Bank of Nigeria (CBN) has issued a warning to the public to remain cautious of fraudulent 'Swift' messages and…
Business CBN vows to sanction banks hoarding, diverting cash Toyibat Ajose Nov 16, 2024 The Central Bank of Nigeria (CBN) has issued a stern warning to Deposit Money Banks (DMBs) regarding cash hoarding and diversion,…
News Naira Depreciation: Firms’ confidence in economy fall by 3.2 index points —… Alagbe Shenayon Nov 13, 2024 Amid expectations of naira depreciation by year’s end, businesses in Nigeria have shown reduced confidence in the economy, as…
News IFC, CBN partner to boost local currency financing in Nigeria Alagbe Shenayon Oct 28, 2024 The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement with the Central Bank of…
Business CBN speaks on ‘December 31 deadline’ for circulation of old… Oluwadamilare Emmanuel Oct 25, 2024 The Central Bank of Nigeria (CBN) says Nigerians should disregard claims that the old naira notes will cease to be legal tender on…
Business CBN authorises N1.73 trillion for food imports in six months Toyibat Ajose Oct 20, 2024 The Central Bank of Nigeria (CBN) disbursed $547.7 million (equivalent to N823.19 billion at the official exchange rate of…
Business Implement strong cybersecurity framework to protect customers’ funds, CBN… Oluwadamilare Emmanuel Oct 15, 2024 The Central Bank of Nigeria (CBN) has urged banks in the country to make significant investments in cybersecurity to safeguard…
News Net forex inflow rises To $27.6bn – CBN Alagbe Shenayon Oct 11, 2024 Net foreign exchange inflows into Nigeria's economy surged by 67.8% to $27.6 billion in the first half of 2024, up from $16.44…