The persistent weakening of the naira and the volatility of the foreign exchange market have been attributed to the inconsistent dollar allocations by the Central Bank...
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has lauded the adoption of the International Financial Reporting Standards (IFRS) as a pivotal...
The Central Bank of Nigeria (CBN) has announced the commencement of a retail dollar auction to address the growing unmet foreign exchange (forex) demand. This move...
The Central Bank of Nigeria (CBN) has announced the reintroduction of the retail Dutch auction system, set to commence this Wednesday. The decision comes as the...
The Nigerian Senate has passed a bill amending the Central Bank of Nigeria (CBN) Act to allow the federal government to double its Ways and Means...
Nigerian foreign investments surged following the Central Bank of Nigeria’s (CBN) recent bank recapitalisation program. The CBN Governor, Olayemi Cardoso, stated this during an event in...
The Central Bank of Nigeria (CBN) has injected $148 million into the Nigerian Foreign Exchange Market (NAFEM). This initiative saw 29 authorized dealers participate in transactions...
The Central Bank of Nigeria (CBN) has implemented a significant adjustment to its borrowing rates. The move, which follows the CBN’s recent decision to adjust the...
Foreign exchange inflows into Nigeria surged by 38.86% to $1.07 billion in the first quarter of 2024, according to the Central Bank of Nigeria’s (CBN) latest...
The Monetary Policy Committee (MPC) is set to convene on July 22-23, 2024, amid soaring inflation and economic challenges in Nigeria. Led by Olayemi Cardoso, the...