CBN
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News Africa
CBN releases new customs exchange rates as naira falls massively in all markets
The Central Bank of Nigeria (CBN) has increased the foreign exchange rate for Customs duty at Nigeria’s air and seaports.…
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News Africa
Essence of CBN’s decision on naira stability, inflation
SAMI TUNJI explores the Central Bank of Nigeria’s recent monetary policy as it relates to the stabilization of the naira…
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News Africa
Cash Crunch: Nigerian banks borrow record N1.2 trillion from CBN in a single day
Due to a lack of cash in the financial system, Nigerian banks have taken a record N1.2 trillion loan from…
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News Africa
CBN must sustain inflation control measures – World Bank
The World Bank Group has said that the Central Bank of Nigeria must stay the course in its attempt to…
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Uncategorized
CBN secures N1.47 trillion in subs for 364-day treasury bills at 22.6% stop rate
The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), has revealed a 283.42% oversubscription worth N1.47…
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News Africa
CBN announces new daily, weekly cash withdrawal limit for PoS operators
The Central Bank of Nigeria (CBN) has announced a daily cash withdrawal limit of N100,000 per customer for point-of-sale (PoS)…
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News Africa
CBN directs banks to load ATMs, threatens to sanction banks disbursing cash to naira hawkers
The Central Bank of Nigeria (CBN) has threatened to penalize banks disbursing cash to naira hawkers. The apex has also directed…
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News Africa
Naira sinks, data shows CBN foreign payments jump by 11%
The naira dropped week on week in the foreign exchange market due to various contending market dynamics. The battle to…
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Finance
Zenith, GTB, UBA, others approach CBN to borrow N18trn after important announcement
Financial statistics made public by the Central Bank of Nigeria (CBN), in October 2024 has shown that the nation’s merchant…
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News Africa
CBN to sanction banks for rejecting old, small Dollar denominations
The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations…
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