CBN Reaffirms Commitment to Financial Stability and Deposit Security
The Central Bank of Nigeria (CBN) has reiterated its unwavering commitment to ensuring the stability and reliability of the Nigerian ...
Tag: CBN
CBN’s Yemi Cardoso: Painful Interest Rate Hike Key to Curbing Inflation
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, acknowledged the challenges posed by the recent increase in ...
CBN Sells $543.5 Million in FX Market to Stabilize Naira
The Central Bank of Nigeria (CBN) sold a total of $543.5 million in the Nigerian foreign exchange market (NFEM) to ...
CBN Introduces Electronic Foreign Exchange Matching System to Enhance Nigeria’s FX Market
The Central Bank of Nigeria (CBN) has announced the launch of an Electronic Foreign Exchange Matching System (EFEMS) for Foreign ...
Naira gains 2.77% on official Market , but Drops to N1,700/$ on Parallel market
The Naira closed September 2024 at N1,541 on the official NAFEM window, marking a modest improvement compared to July ...
Nigerian Government clears over N30 trillion in Ways and Means Debt, Outlines Economic Reforms Addressing Rising Cost of Living
In his 64th Independence Day address, President Bola Tinubu announced that the federal government has cleared over N30 trillion in ...
CBN Extends Suspension of Cash Deposit Processing Fees Until March 2025
The Central Bank of Nigeria (CBN) has extended the suspension of cash deposit processing fees to March 31, 2025. The ...
Breaking: CBN Hikes Interest Rate to 27.25%: What This Means for MSMEs
The Central Bank of Nigeria (CBN) Monetary Policy Committee has decided to further raise interest rate by 50 basis points ...
CBN Allocates $2.97 Billion for Fuel Imports Amid Dangote Refinery Controversy
The Central Bank of Nigeria (CBN) has disbursed $2.97 billion to oil industry players for the importation of petroleum products ...
CBN Approves US$20,000 Sale to Bureau De Change Operators to Boost FX Liquidity
The Central Bank of Nigeria (CBN) has approved the sale of US$20,000 to eligible Bureau De Change (BDC) operators, aiming ...
