News Dangote faults CBN’s 26% interest rate Toyibat Ajose Jul 3, 2024 Aliko Dangote, Chairman and CEO of the Dangote Group, has condemned the Central Bank of Nigeria's (CBN) latest increase in…
News CBN warns banks, FX dealers against rejection of lower dollar denomination Toyibat Ajose Jul 3, 2024 The Central Bank of Nigeria (CBN) has issued a caution to Deposit Money Banks (DMBs) and authorised currency dealers to avoid…
News CBN issues fresh guidelines for foreign currency deposit Alagbe Shenayon Jun 29, 2024 The Central Bank of Nigeria (CBN) has released new guidelines for Deposit Money Banks (DMBs) regarding the deposit of foreign…
Business CBN issues fresh guidelines for Foreign Currency Deposit Toyibat Ajose Jun 29, 2024 The Central Bank of Nigeria (CBN) has released updated rules to Deposit Money Banks (DMBs) regarding the deposit of foreign…
News Nigeria records $24bn FX inflow Q1 2024 — CBN Alagbe Shenayon Jun 26, 2024 The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced that the country recorded a total foreign exchange…
News Court orders final forfeiture of $1.4 million linked to Emefiele Toyibat Ajose Jun 26, 2024 The Federal High Court in Lagos has ordered the final forfeiture to the Federal Government of $1.4 million linked to a former…
Business CBN issues IMTOs Naira Access to boost remittances Toyibat Ajose Jun 25, 2024 On Monday, the Central Bank of Nigeria (CBN) announced new steps to strengthen naira liquidity and increase diaspora remittances.
News Nigerians borrow ₦3.9bn as inflation heightens — CBN Alagbe Shenayon Jun 24, 2024 Nigerians have resorted to loans as one of their survival strategies, as a report by the Central Bank of Nigeria (CBN), said…
Business How $6.2million stolen from CBN was shared, court documents reveal Toyibat Ajose Jun 19, 2024 Documents have shown how the $6,230,000 cash allegedly stolen from the Central Bank of Nigeria (CBN) on February 8, 2023 was…
Business CBN confirms $2.9b deposit in special account to stabilise forex market Toyibat Ajose Jun 17, 2024 The Central Bank of Nigeria (CBN) has set up a special account with a deposit of $2.9 billion to help calm the foreign currency…