Cash has remained scarce across the geopolitical regions of Nigeria, in spite of the Central Bank of Nigeria instructing deposit cash banks to protect against artificial…
Browsing: Central Bank of Nigeria
Nigeria saw a significant drop in oil imports in Q2 2024, with figures falling by 35% to $2.79 billion, down from $4.31 billion in Q1, according…
Nigeria is considering issuing a diaspora bond in the United States to strengthen its ties with Nigerian expatriates and increase remittance inflows to $1 billion per…
Despite earlier predictions of a decline, Nigeria’s FX reserves rose to $35.93 billion as of July 18th, an increase of $160 million from the previous day’s…
The Central Bank of Nigeria (CBN) has announced its ongoing commitment to implementing robust policies to address cybersecurity challenges and promote innovation, ensuring the stability and…
On Tuesday, the Central Bank of Nigeria (CBN) instructed Deposit Money Banks (DMBs) and International Money Transfer Operators (IMTOs) to pay all diaspora remittances in Naira…
The number of bank loans through credit facilities in Nigeria increased to N3.82 trillion in January 2024 amidst escalating inflation and challenging economic conditions, as reported…
The International Air Transport Association (IATA) has confirmed that 98% of the foreign airline funds held up in Nigeria have now been successfully cleared. This progress…
At least two hundred officials of the Central Bank of Nigeria (CBN) were dismissed from their duties on Friday in the latest restructuring move by the…
As the recapitalisation of banks continues, the Central Bank of Nigeria (CBN) has indicated that four deposit money banks in Nigeria have transitioned their banking licences from regional…