The Treasury Bills yields rose to 17.67% amidst the Central Bank’s rigorous tightening of monetary policy. This sharp surge in yields reflects the profound impact of...
Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, is set to stand trial over allegations of massive irregularities in forex allocations totaling $2 billion. The...
The Central Bank of Nigeria (CBN) has announced a tenfold increase in the minimum capital requirements for lenders. The new regulations, unveiled by the Abuja-based institution,...
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 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...
In a bid to mitigate the continuous depreciation of the naira against the dollar, the Central Bank of Nigeria (CBN) has injected over $300 million into...
The Central Bank of Nigeria (CBN) has unveiled new foreign exchange (FX) sales limits for Bureau De Change (BDC) operators, setting a $4,000 cap for Personal...