The Central Bank of Nigeria (CBN) has denied any intentions by the Federal Government to convert its $30 billion domiciliary deposits into Naira. This response comes…
Browsing: CBN
The Bureau De Change (BDC) operators in Nigeria’s Federal Capital Territory (FCT) Abuja have announced a shutdown of operations due to the scarcity of US dollars.…
Dr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), recently hinted at a reduction in fuel costs, stating that inflationary pressures are expected…
The Central Bank of Nigeria, CBN has appointed new executive directors to oversee the affairs of some deposit money banks.This is coming a few hours after…
Nigeria’s apex bank, the Central Bank of Nigeria, CBN has paid nearly $2 billion in outstanding foreign exchange forwards in the last three months to clear…
The Central Bank of Nigeria (CBN) on Sunday said that it had disbursed about $61.64 million to foreign airlines through various Deposit Money Banks (DMBs) in…
Cryptocurrency: Nigeria’s Apex Bank Lifts 2-Year Ban
The Central Bank of Nigeria (CBN) on Thursday, conveyed optimism regarding the country’s 2024 domestic economic prospects. The apex bank said there will be substantial relief…
Nigeria’s forex crisis is far from over as Naira sold for over N1,000 to a dollar at the parallel market.
President Bola Tinubu has ordered top security agencies in the country to take all necessary measures to recover the huge amount of government money from the…