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...
The currency in circulation in Nigeria rose to N3.97 trillion by the end of May, this surge marks an all-time high for the nation and represents...
The Federal Government’s expenditure on debt financing rose to $854.36 million in May alone, according to data released by the Central Bank of Nigeria (CBN). This...
The Central Bank of Nigeria (CBN) announced on Monday that it has revoked the license of Heritage Bank Plc. Heritage Bank is now the first lender...
The Central Bank of Nigeria (CBN) has unveiled its plan to issue N1.56 trillion worth of treasury bills during the third quarter of 2024. This strategic...
The Central Bank of Nigeria (CBN) recorded its highest dollar sales in a single month for 2024 in May as it sold $575 million. According to...