CBN Disburses $1.25 Billion for Petrol Import as Dangote Teams Up with Oil Firms to Lower Costs
The Central Bank of Nigeria (CBN) announced it disbursed $1.25 billion between January and September 2024 for petroleum product imports ...
Tag: CBN
BOI Secures N 3.5 Billion to Boost Nigerian MSMEs
The Bank of Industry (BOI), Nigeria’s foremost development finance institution, has secured €1.879 billion (N3.05 trillion) from international markets in ...
Nigeria to Launch National Credit Guarantee Company to Boost Financial Inclusion
The Nigerian government has announced plans to establish the National Credit Guarantee Company (NCGC) to enhance financial inclusion and expand ...
Forex Stability, Dangote Refinery Drive Optimism in Nigerian Telecom and Oil Sectors in 2025
Ardova Plc and Dangote Refinery have formalized a stronger partnership under a new framework aimed at enhancing Nigeria's downstream oil ...
Naira Falls 40.9% in 2024, Closing at N1,535/$1
The naira ended 2024 at an exchange rate of N1,535/$1, reflecting a 40.9% depreciation compared to its closing value of ...
Cash Scarcity: Lagosians Forced to Pay High Fees as ATMs Run Dry
In recent times, Lagos residents have faced severe cash shortages, with Automated Teller Machines (ATMs) across the city running out ...
CBN Reminds Nigerians: PTA/BTA Still Available for Purchase via Banks
The Central Bank of Nigeria (CBN) has assured Nigerians that they can still purchase foreign exchange for Personal and Business ...
Nigeria’s Diaspora Remittances Hit $4.22 Billion- Cardoso
Remittance inflows from International Money Transfer Operators (IMTOs) surged to $4.22 billion between January and October 2024, marking a 61% ...
CBN Restricts Daily POS Transaction for Individuals to N100,000, Cumulative Daily Transaction Limit for Agents to N1,200,000
The Central Bank of Nigeria (CBN) has introduced a daily transaction limit of N100,000 per customer for cash-out transactions conducted ...
CBN Cracks Down on Banks Over Mint Naira Sales with N150M Fines
The Central Bank of Nigeria (CBN) has introduced stringent measures to combat the illegal flow of mint naira notes, imposing ...
