The Economic and Financial Crimes Commission (EFCC) is preparing to charge former Central Bank of Nigeria (CBN) Governor Godwin Emefiele with approving the production of N684.5…
Browsing: CBN
The naira slumped further against the United States dollar at the official market on Tuesday, closing at 1,300 per dollar. This came as the Central Bank…
Data indicates that on Monday, the Naira experienced a 6% depreciation against the Dollar, reaching N1,234.49 to $1. FMDQ Exchange data, which monitors the Nigerian Autonomous Foreign…
The Federal Government of Nigeria, in collaboration with the National Identity Management Commission (NIMC), the Central Bank of Nigeria (CBN), and the Nigeria Inter-bank Settlement System,…
The Central Bank of Nigeria (CBN) increased the capital basis of commercial banks with international permission to N500 billion and national banks to N200 billion. This…
The Central Bank of Nigeria (CBN) boosted interest rates by 200 basis points on Tuesday, from 22.75 percent to 24.75 percent, amid rising inflation. The central…
As the naira progressively improves against the dollar following months of unanticipated uncertainties, the Central Bank of Nigeria (CBN) announced on Monday the sale of $10,000…
Since the establishment of the Central Bank of Nigeria’s N10.3 trillion intervention funds, the Nigerian healthcare sector has received only N141.64 billion, accounting for a meagre…
A document from the apex bank reveals that thirty-one state governments owe the Central Bank of Nigeria, or CBN, a total of N339.9 billion obtained to pay…
The Central Bank of Nigeria (CBN) reported a large increase in foreign exchange inflows to the economy in February 2024. The surge is attributable to significant…