The Central Bank of Nigeria (CBN) has played a pivotal role in bolstering the mortgage banking sector by disbursing loans and advances amounting to N37.6 billion,...
The Central Bank of Nigeria has taken a significant stride toward enhancing the Bureau De Change (BDC) segment of the foreign exchange market by introducing an...
The Central Bank of Nigeria has unveiled a new foreign exchange price verification system tailored to facilitate importer access to forex. The announcement was made by...
The exchange rate of the Nigerian naira improved against the United States Dollar to N790 from N925 it was sold on the black market on Tuesday....
As the Nigerian naira continues its downward trajectory, sparking concerns over currency speculation and round-tripping, the acting Governor of the Central Bank of Nigeria (CBN), Mr....
The Central Bank of Nigeria (CBN) has disclosed that it extended a staggering N40.67 billion in loans to its staff members during the year 2022, representing...
For the first time since 2015, the Central Bank of Nigeria (CBN) has unveiled its eagerly anticipated audited accounts, revealing a profit of N103.8 billion in...
The Central Bank of Nigeria (CBN) extended a staggering N23.18 trillion loan to the Federal Government in the year ended December 31, 2022, under its ‘Ways...
This latest update comes as part of the CBN's ongoing efforts to optimize financial operations and meet the unique needs of various financial institutions.
Rather than stem inflationary pressures and encourage FX inflows, I believe the hike may lead to inadvertent volatility in the market