Nigeria’s foreign reserves climbed to $35.05 billion as of Monday, according to the latest data from the Central Bank of Nigeria (CBN). This represents a significant...
The Central Bank of Nigeria (CBN) has announced plans to auction N166.1 billion in Treasury bills. This auction comes amidst a flurry of economic data releases...
Nigerian Deposit Money Banks borrowed N5.38 trillion from the Central Bank of Nigeria (CBN) in the first five days of July 2024. This was a 245...
The Nigerian government generated N78.95 billion from the N50 levy imposed on electronic bank transfers in the first five months of 2024. This revenue collection revealed...
The Nigerian naira recorded a gain of 0.66% on the parallel market, often referred to as the black market, following the commencement of a new foreign...
Nigeria’s money supply (M3) soared to an all-time high of N99.23 trillion in May 2024, according to data released by the Central Bank of Nigeria (CBN)....
In a bid to stabilize the foreign exchange market and ensure efficient management of excess foreign currency, the Central Bank of Nigeria (CBN) has introduced new...
The Central Bank of Nigeria (CBN) has issued a new directive requiring all Deposit Money Banks (DMBs) and International Money Transfer Operators (IMTOs) to pay diaspora...
The Central Bank of Nigeria (CBN) has expressed satisfaction with the strides made in stabilizing the naira as excessive volatility appears to be subsiding. Speaking in...
The World Bank has approved a $2.25 billion funding package aimed at stabilizing the economy and assisting the most vulnerable segments of the population. The Washington-based...