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...
The Central Bank of Nigeria (CBN) has issued a directive reaffirming the prohibition on Nigerian banks from utilizing foreign exchange (forex) revaluation gains for dividends or...
The Central Bank of Nigeria (CBN) has announced its strategic approach to managing liquidity and meeting financial obligations by unveiling a comprehensive plan to settle Treasury...
The Senate has launched a probe into the disbursement of the N30 trillion Ways and Means loan obtained by the Federal Government during the administration of...
The Central Bank of Nigeria (CBN) has revoked the operational licenses of 4,173 Bureaux De Change (BDC) operators across the country. This action comes as the...
The Central Bank of Nigeria (CBN) has raised the benchmark interest rate by 400 basis points to a record 22.75%. The decision made by the Monetary...
In a bid to mitigate the continuous depreciation of the naira against the dollar, the Central Bank of Nigeria (CBN) has injected over $300 million into...