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...
As Nigeria grapples with persistently high inflation, the Central Bank of Nigeria (CBN) is gearing up to implement its tenth consecutive interest rate hike in a...
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) Governor, Olayemi Cardoso, handed over N100 billion worth of fertilisers to the Federal Ministry of Agriculture and Food Security. The...
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...