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...
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...
The Central Bank of Nigeria (CBN) has resumed the sale of foreign currency to Bureau De Change (BDC) operators. However, with this resumption comes a crucial...
The Central Bank of Nigeria (CBN) has cleared a $7 billion foreign exchange (FX) backlog inherited by Governor Yemi Cardoso. This accomplishment not only fulfills a...
A storm is brewing in Nigeria’s banking sector as the Central Bank of Nigeria’s (CBN) proposed capital hike threatens to destabilize the industry, according to a...