Nigeria’s Economy Grew In Q3 2024, CBN Reports
The Central Bank of Nigeria (CBN) attributed this steady expansion to improvements…
CBN Unveils Comprehensive Guidelines for Foreign Exchange Market Reforms
In a significant move to overhaul Nigeria’s foreign exchange (FX) operations, the…
Nigeria’s External Reserves Reach 22-Month High at $37.31bn, Says CBN
Nigeria’s external reserves have surged to a 22-month high of $37.31 billion,…
CBN Set to Expand eNaira for Government Payments and MDA Transactions
The Central Bank of Nigeria (CBN) has announced plans to expand the…
CBN Infuses N700 Billion to Support Unity Bank and Providus Bank Merger
The package consists of a 20-year term loan specifically designed to support…
Central Bank to Reintroduce Retail Dutch Auction System (rDAS) to Address Forex Shortage
The Central Bank of Nigeria (CBN) has announced its plan to implement…
CBN Pledges Support for $1 Trillion Economy Target Through Recapitalisation
These initiatives include addressing institutional deficiencies, restoring corporate governance, strengthening regulations, and…
BREAKING: CBN Increases Interest Rate to 27.65%
The Central Bank of Nigeria's Monetary Policy Committee (MPC) has announced a…
CBN Orders Banks to Transfer Dormant Accounts and Unclaimed Balances to Central Custody
These new directives stipulate that any accounts which have remained inactive for…
CBN Sells Dollars to Bureau De Change Operators at N1450 Rate Amid Forex Market Reforms
This initiative comes shortly after the apex bank sold $123 million to…