Forex: CBN revised manual takes effect
The recently review manual for the foreign exchange (forex) market in the country took effect on Wednesday, August 1, 2018.
This…
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CBN lists punishments for Naira mutilation offenders
The Central Bank of Nigeria (CBN) has once more warned against mutilating the naira. It also warned that any person caught…
CBN sets five-year timeline on cheque storage
The Central Bank of Nigeria (CBN) has set a five-year timeline for banks to keep physical cheque presented to them by customers…
CBN releases $340m, CNY69m into forex market
The Central Bank of Nigeria (CBN), on Friday, provided 340 million dollars and 69 million Chinese Yuan (CNY) to customers seeking…
CBN warns against spraying, mutilation, sale of Naira notes
The Central Bank of Nigeria (CBN) has issued stern warnings against spraying, selling and mutilation of naira notes to avoid…
CBN explains why banks can’t lend at single digit interest rate
The Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN), Dr Joseph Nnanna, on Thursday blamed the inability of Deposit…
Buhari writes Senate, seeks confirmation of CBN Deputy Governor nominee
President Muhammadu Buhari has written to the Nigerian Senate, seeking confirmation of Folashodun Shonubi as the deputy governor…
President Buhari appoints new CBN Directors, others
President Muhammadu Buhari on Friday approved the appointment of four new Non-Executive Directors of the Central Bank of Nigeria,…
External reserves dip by $169m in six days
The latest data from the Central Bank of Nigeria (CBN) released on Thursday shows that nation’s foreign exchange reserves fell by…
Banks’ average daily loan request from CBN hit N216b
Commercial banks’ average daily loan requests from the Central Bank of Nigeria (CBN) stands at N216.34 billion due to the apex…