The Central Bank of Nigeria (CBN) has expressed deep worries over the ongoing decline in economic activities within the nation. The disclosure came from the CBN’s...
Nigerian Naira depreciated by 5.3% against the US dollar as concerns over declining foreign reserves raise questions about the central bank’s ability to sustain liquidity. The...
The Central Bank of Nigeria (CBN) has once again initiated direct sales of dollars to licensed Bureau De Change (BDC) operators across the country. The latest...
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 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,...
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...