The Central Bank of Nigeria (CBN) has disclosed that it extended a staggering N40.67 billion in loans to its staff members during the year 2022, representing...
For the first time since 2015, the Central Bank of Nigeria (CBN) has unveiled its eagerly anticipated audited accounts, revealing a profit of N103.8 billion in...
The Central Bank of Nigeria (CBN) extended a staggering N23.18 trillion loan to the Federal Government in the year ended December 31, 2022, under its ‘Ways...
This latest update comes as part of the CBN's ongoing efforts to optimize financial operations and meet the unique needs of various financial institutions.
Rather than stem inflationary pressures and encourage FX inflows, I believe the hike may lead to inadvertent volatility in the market
The Central Bank of Nigeria (CBN) has issued a directive to banks to lift the post-no-debit restrictions on the bank accounts of 440 individuals and companies....
The Central Bank of Nigeria‘s Monetary Policy Committee (MPC) has hiked interest rate by 25 basis points from 18.5% to 18.75% on Tuesday. The announcement was...
The CBN announced that the cash reserve ratio for merchant banks, which specialize in providing financial services to businesses and individuals, will be reduced from 32.5%...
Court deems Emefiele's continued detention without trial a violation of fundamental rights
CBN's move to introduce Naira remittance pay-outs alongside foreign exchange seeks to boost Nigeria's economy