Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has explained that the recent surge in the Naira is a testament to the positive direction...
As the Nigerian Naira continued to rebound from its record low against its global counterparts, the nation’s foreign exchange reserves has been on the decline, according...
Zenith Bank Plc has emerged as a frontrunner among Nigerian banks as restricted deposits grew to N17.1 trillion. This increase was propelled by Central Bank of...
The Central Bank of Nigeria (CBN) has announced the resumption of dollar sales to Bureau De Change (BDC) operators at a fixed rate. According to a...
The Treasury Bills yields rose to 17.67% amidst the Central Bank’s rigorous tightening of monetary policy. This sharp surge in yields reflects the profound impact of...
Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, is set to stand trial over allegations of massive irregularities in forex allocations totaling $2 billion. The...
The Central Bank of Nigeria (CBN) has announced a tenfold increase in the minimum capital requirements for lenders. The new regulations, unveiled by the Abuja-based institution,...
Nigeria’s currency in circulation surged to a historic high of N3.69 trillion, according to data released by the Central Bank of Nigeria (CBN). This figure represents...
Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) disclosed that law enforcement agencies are currently investigating foreign exchange forwards valued at $2.4 billion. This...
The Central Bank of Nigeria (CBN) has announced a significant increase in the monetary policy rate, known as the interest rate, to 24.75%. This move disclosed...