The Central Bank of Nigeria (CBN) has implemented a significant adjustment to its borrowing rates. The move, which follows the CBN’s recent decision to adjust the...
Foreign exchange inflows into Nigeria surged by 38.86% to $1.07 billion in the first quarter of 2024, according to the Central Bank of Nigeria’s (CBN) latest...
The Monetary Policy Committee (MPC) is set to convene on July 22-23, 2024, amid soaring inflation and economic challenges in Nigeria. Led by Olayemi Cardoso, the...
The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to eligible Bureau De Change (BDC) operators. The decision was after Naira dipped...
The Central Bank of Nigeria (CBN) has excluded Bureau De Change (BDC) operators from its latest allocation of $122.67 million in forex sales. This decision, announced...
The Central Bank of Nigeria (CBN) has announced plans to double diaspora remittance flows to $39 billion by 2025. CBN Governor Olayemi Cardoso unveiled this plan...
The Central Bank of Nigeria (CBN) has announced plans to auction N166.1 billion in Treasury bills. This auction comes amidst a flurry of economic data releases...
Nigerian Deposit Money Banks borrowed N5.38 trillion from the Central Bank of Nigeria (CBN) in the first five days of July 2024. This was a 245...
The Nigerian government generated N78.95 billion from the N50 levy imposed on electronic bank transfers in the first five months of 2024. This revenue collection revealed...
Dr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), announced plans to slow down the increases in the benchmark interest rate once inflation is...