The Central Bank of Nigeria (CBN) has disclosed that credit to the Federal Government increased by 57.11 percent to N31.15tn in August from N19.83tn reported in...
As investors seek higher returns and long-time maturities, the Central Bank of Nigeria (CBN) has raised a whooping N9.27 trillion worth of Nigerian Treasury Bills (NTBs)...
The Central Bank of Nigeria (CBN) has announced that remittance inflows in July 2024 surged to a record $553 million. This represents a 130% increase compared...
The persistent weakening of the naira and the volatility of the foreign exchange market have been attributed to the inconsistent dollar allocations by the Central Bank...
The Central Bank of Nigeria (CBN) has announced the commencement of a retail dollar auction to address the growing unmet foreign exchange (forex) demand. This move...
The Central Bank of Nigeria (CBN) has announced the reintroduction of the retail Dutch auction system, set to commence this Wednesday. The decision comes as the...
The Nigerian Senate has passed a bill amending the Central Bank of Nigeria (CBN) Act to allow the federal government to double its Ways and Means...
Nigerian foreign investments surged following the Central Bank of Nigeria’s (CBN) recent bank recapitalisation program. The CBN Governor, Olayemi Cardoso, stated this during an event in...
The Nigerian financial sector is in turmoil as bankers and economic experts raised alarms over the proposed 70 percent foreign exchange (forex) windfall tax on banks...
The Central Bank of Nigeria (CBN) has injected $148 million into the Nigerian Foreign Exchange Market (NAFEM). This initiative saw 29 authorized dealers participate in transactions...