Lagos, Nigeria — Nigeria’s Central Bank (CBN) released over $1.25 billion to oil sector players in the first three months of 2025 to fund the importation of...
Tag - #cbn
LAGOS, NIGERIA — The Nigerian naira has appreciated against the US dollar, trading below the ₦1,500/$ threshold for the first time in over six months. Data...
Abuja, Nigeria – Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), has petitioned the Court of Appeal in Abuja to overturn a judgment...
Abuja, Nigeria – Nigeria’s central bank has opted to keep its main interest rate unchanged at 27.5%, marking the second consecutive meeting the Monetary...
Nigeria’s Central Bank has scrapped the three free monthly withdrawals previously allowed for customers using other banks’ ATMs. Starting March 1...
Nigeria’s Central Bank has imposed fines totalling N1.35bn on nine Deposit Money Banks for failing to ensure cash availability through Automated Teller...
The Central Bank of Nigeria (CBN) has reiterated that the departure of 1,000 staff members in December 2024 was entirely voluntary. Governor Olayemi Cardoso...
Nigeria’s Central Bank (CBN) has temporarily granted Bureau de Change (BDC) operators permission to purchase up to $25,000 weekly from the Nigerian...
The Central Bank of Nigeria (CBN) has reaffirmed that old N1000, N500, and N200 banknotes remain valid as legal tender, contrary to misinformation suggesting...
The House of Representatives on Tuesday, resolved to set up an ad-hoc committee to investigate the circumstances that led to the mass retirement of 1,000 staff...