CBN policies push NGX’s investors to lose N3.57tn in April
The Nigerian Exchange Market Limited investors lost N3.57 trillion in market value in April as the All-Share Index experienced a…
Category: CBN
Auto Added by WPeMatico
We must first fight inflation before talking about economic growth – CBN
The Central Bank of Nigeria has said it is all out to tackle rising inflation in Nigeria. The acting director…
CBN disowns notice on cryptocurrency transactions
The Central Bank of Nigeria says a notice circulating on social media about the risk of cryptocurrency is fake news.…
Naira continues to slump against dollar despite CBN’s intervention
The naira has continued its depreciation against the US dollar for the fifth time despite the Central Bank of Nigeria’s…
CBN sells additional $10,000 to BDCs at $1,021 per dollar
The Central Bank of Nigeria, CBN, has approved the sale of an additional 10,000 dollars to 1,583 eligible Bureaux De…
Kogi election: CBN governor ordered to appear in court
The Kogi Governorship Election Petition Tribunal sitting in Abuja, on Monday, ordered the Governor of the Central Bank of Nigeria,…
Tinubu’s government has not borrowed from CBN – Finance Minister
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the Tinubu-led Federal Government has not…
CBN Gov Cardoso explains what will sustain naira’s appreciation
The governor of the Central Bank of Nigeria, Olayemi Cardoso, says continued liquidity in the foreign exchange market will sustain…
CBN reduces banks’ Loan-to-Deposit Ratio to 50%
The Central Bank of Nigeria, CBN, has reduced deposit money banks’ Loan-to-Deposit Ratio, LDR, to 50 per cent from 65…
Banks revenue surge by 38.9% amid CBN’s cashless policy
The combined revenue from electronic banking of 10 listed banks rose by 38.9 per cent last year on the back…
BDCs ask CBN to ban non-oil exporters from obtaining FX at official market
The Association of Bureau De Change Operators of Nigeria, ABCON, has told the Central Bank of Nigeria, CBN, to ban…
Nigeria govt pays N4.83trn CBN ways & means loan with NTBs
The Nigerian federal government has used part of the Nigerian Treasury Bills, NTBs, and Bonds issued in 2024 amounting to…
CBN stops foreign currency-denominated collaterals for Naira loans
The Central Bank of Nigeria, CBN, has prohibited the use of Foreign Currency-denominated collaterals for Naira loans by all Nigerian…
BREAKING: Naira appreciation: CBN begins sale of dollars to BDCs at N1,101
The Central Bank of Nigeria, CBN, has begun another tranche of dollar sales to Bureau De Change, BDC, operators to…
Naira appreciation: Onakoya reveals CBN’s policy responsible for gains in forex market
Prof Adegbemi Onakoya, a Finance and Business Transformation expert, has said the Central Bank of Nigeria’s recent circular on harmonizing…
Naira appreciation: BDCs urge CBN to review FX rate
The Association of Bureau De Change Operators of Nigeria, ABCON, has appealed to the Central Bank of Nigeria, CBN, to…
Money supply: CBN sells N676.65bn at OMO in April
The Central Bank of Nigeria, CBN, has sold N676.65 billion through the Open Market Operation, OMO, at a 21 per…
Merger looms as CBN raises capital requirements for banks in Nigeria
Bank mergers are imminent as the Central Bank of Nigeria, CBN, has raised minimum capital requirements for banks. CBN disclosed…
Naira Appreciation: Utilize time bought by CBN – Financial expert, Aja tells govt
A financial analyst and educator, Kalu Aja, has advised the Nigerian government to utilize the window period provided by the…
Group commends Tinubu, CBN for stabilizing Naira
The Independent Media and Policy Initiative, IMPI, has said that the fiscal and monetary policy authorities in Nigeria have found…
Naira appreciates to N1,290 per USD amid CBN’s interest rate hike
Naira’s appreciation against the US dollar continued on Monday, exchanging N1,290 and N1,382.95 per USD at both parallel and official…
FX crisis: Don’t sell above N1,269 per dollar – CBN orders BDCs
The Central Bank of Nigeria, CBN, has provided Bureau De Change, BDCs, operators with $10,000 at an exchange rate of…
Senate orders CBN to go after defaulters of N1.079trn Anchor Borrowers loans
The Senate, through its ad hoc committee probing the issuance of N22.7 trillion Ways and Means to the Federal Government…
BREAKING: CBN clears all FX backlog as external reserves hits $34.11bn
The Central Bank of Nigeria (CBN), on Wednesday, announced it has cleared the $7 billion foreign exchange (FX) backlog inherited…
Anxiety in CBN over alleged sack of directors
There is anxiety among the management staff of the Central Bank of Nigeria as 19 directors have been issued termination…
N2.1trn CBN intervention loan unpaid since 2018 – Report
The Central Bank of Nigeria, CBN, has N2.126 trillion in unpaid funds from its intervention programme, which has remained unpaid…
CBN slashes exchange rate for cargo clearance amid Naira appreciation against USD
The Central Bank of Nigeria has reviewed its exchange rate for cargo clearance downwards by N18.87 to N1593.41 per US…
CBN’s deadline: NIN-BVN registration surges to 61.16m in March
Ahead of the April 2024 deadline by the Central Bank of Nigeria, the registration for Bank Verification Number, BVN, increased…
You can’t use FOREX revaluation gains to pay dividends – CBN warns Nigerian Banks
The Central Bank of Nigeria has insisted that commercial banks in the country cannot use their foreign exchange revaluation gains…
Food insecurity: CBN announces allocation of 2.15m bags of fertilizers worth over N100bn
The Central Bank of Nigeria, CBN, has announced the allocation of 2.15 million bags of fertilizers worth over N100 billion…
Tinubu seeks confirmation of Onwudiwe as CBN Board Member
President Bola Tinubu has sought Senate’s confirmation for the appointment of Dr Ruby Onwudiwe, as a member of the Board…
CBN auctions N161.5trn worth of Treasury Bills
The Central Bank of Nigeria, CBN, commenced a Treasury Bills, T-Bills Primary Market Auction, PMA, on Wednesday. This is according…
Reps urge CBN to direct banks to reverse failed transactions immediately
The House of Representatives has urged the Central Bank of Nigeria, CBN, to direct banks to work on their systems…
Diaspora remittances surge by 443% to 1.3bn in February – CBN
The Central Bank of Nigeria, CBN, says Diaspora remittances surged by 433 per cent to $1.3 billion in February from…
CBN printing of N22.7trn under Buhari reason for hardship, inflation – Finance Minister
The Minister of Finance, Olawale Edun, says the printing of N22.7 trillion by the Central Bank of Nigeria in the…
CBN releases interest rates, cash reserve ratio survey, asks Nigerians to participate
The Central Bank of Nigeria on Monday asked Nigerians to share their views about the decisions it made at the…
Why investors oversubscribed N1trn OMO Bills – CBN
The Central Bank of Nigeria, CBN, says it has concluded the sale of government securities, issuing N1.053 Trillion($680 million) in…
Why CBN revoking 4,173 BDC operator’s licenses is good for Naira – CPPE
The Centre for the Promotion of Private Enterprise said revoking 4,173 Bureau De Change operator licenses by the Central Bank…
Why CBN board nominee, Kalu Eke, rejected Tinubu’s appointment
Kalu Eke, one of President Bola Ahmed Tinubu’s five nominees for the Central Bank of Nigeria Board of Directors, has…
CBN interest rate hike won’t tame price increase in Nigeria – CPPE
The Centre for the Promotion of Private Enterprise says an interest rate hike by the Central Bank of Nigeria will…
Senate plans six-year tenure for CBN Gov, N1trn recapitalization for banks
The Senate has set machinery in motion for amendment of the Central Bank of Nigeria, (CBN) Act, 2007, which will…
BREAKING: CBN raises interest rate to 22.75% to tackle rising inflation
The Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 400 basis points…
Naira vs USD: CBN resumes sales of forex to BDCs
The Central Bank of Nigeria has resumed the sale of foreign currencies directly to eligible Bureau De Change Operators. CBN…
Inflation, hardship: CBN has no option than to tighten Monetary Policy – Rewane
The Chief Executive Officer of the Financial Derivatives Company, Bismarck Rewane, says the Central Bank Monetary Policy Committee will have…
Senate confirms 12 to serve as members of CBN Monetary Policy Committee
The Senate on Thursday confirmed 12 persons to serve as members of the Central Bank of Nigeria Monetary Policy Committee.…
CBN’s Monetary Policy committee nominees proffer solutions to FX, food crisis
The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN nominees, have assured Nigerians that the foreign exchange…
CBN reduces import duty exchange rate by 2.8% after several hikes in 2024
After several upward reviews in 2024, the Central Bank of Nigeria reduced the exchange rate for computing Customs duties by…
Again Naira depreciates against US Dollar as FX supply drops by 74% amid CBN interventions
The Naira depreciated significantly against the US dollar at the close of work on Friday. This is as FX supply…
Naira appreciates against US dollar at forex market amid CBN’s interventions
The Naira appreciated against the US dollar on Thursday amid the Central Bank of Nigeria’s recent interventions. Data from FMDQ…
We’ll remove them if they fail – Tinubu begs governors to trust CBN
President Bola Ahmed Tinubu has called on governors to trust the ability of those in charge of the Central Bank…