Tag: CBN
Naira continues recovery, gains 7.2% against dollar
According to data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign…
CBN approves daily sales of $10,000 to 1,588 BDC operators
The Director, Trade and Exchange Department of the CBN, W.J Kanya said this in a letter addressed to the President,…
CBN reports over $1.5bn forex inflow into Nigeria’s economy
The CBN spokesperson also noted that the naira has also continued to record gains in the Autonomous Foreign Exchange market,…
Access Holdings unveils plan to raise $1.5bn capital
The announcement came less than 24 hours after the Central Bank of Nigeria (CBN) announce increase in the minimum capital…
Just In: CBN asks Nigerian banks to raise capital base
Sidi-Ali, in the statement said the new minimum capital requirements apply not only to existing banks, but also to all…
JUST IN: CBN jacks up interest rate to 24.75%
The apex bank hikes the rate from 22.75 percent to 24.75 per cent. The bank had earlier in February raised…
CBN approves sales of $10,000 to BDC at N1,251/$1
The apex bank directed the BDCs to sell to eligible users at a spread of not more than 1.5 per…
CBN resolves outstanding FX backlog, as external reserves jump to $34.11bn
According to the CBN, it employed Deloitte Consulting, an independent auditing firm, to meticulously assess the transactions, ensuring that only legitimate…
Emefiele: Buhari, ex-SGF signatures forged to take $6.2m from CBN, witness says
Mairiga made the revelation while while testifying in the ongoing trial of Emefiele, before Justice Hamza Muazu on amended 20-count…
Investors oversubscribe CBN N1trn OMO bills
The auction was the first since last week’s Monetary Policy Committee (MPC) meeting, which was followed by a virtual meeting…
JUST IN: CBN revokes operational licenses of 4,173 BDCs
The statement said the CBN took the action in the exercise of the powers conferred on it under the Bank…
CBN begins sales of Dollars to Bureau De Change
The apex bank added that the sum of $20,000 is to be sold to each BDC at the rate of…
CBN hikes interest rate to 22.75%
Cardoso stated that the move was in a bit to tame the stubborn inflation that had not responded much to the…
BDC: CBN orders sellers above $10,000 to declare sources
Mustapha said that such sellers would also be required to comply with all Anti-Money Laundering/Combating the Financing of Terrorism (…
CBN amends Foreign Exchange rates for customs duty on importation
The director said that this rate would remain valid until the date of termination of the importation and clearance of…
Nigeria Central Bank ordered to pay German N63.7m, $10000 over illegal detention
The German had dragged the Federal Government to the ECOWAS Court following his arrest and detention by officials of NIS…
Three Nigerians placed on INTERPOL Red Notice for forging Buhari’s signature to steal $6.2m from CBN
According to a letter addressed to the IGP signed by DCP Eloho Okpoziakpo, Head of Operations, Office of the Special…
Tinubu seeks confirmation for 5 CBN board directors
Presented Tinubu said the appointments were in compliance with the provisions of section 6, sub section 1b, and section 10…
How Nigerians can help stabilise the Naira – CBN Governor
Speaking on the state of the economy, the CBN governor also said inflationary pressures are expected to decline in 2024…
Why we can’t reverse decision to relocate CBN departments to Lagos — Cardoso
“And quite frankly, anybody that comes to the bank and interacts on that level will see that it is. It…
We have no plan to convert $30bn in domiciliary account holdings to Naira – CBN
But the CBN, in a statement issued on Saturday by Sidi Ali, Hakama Ag. Director, Corporate Communications, said the attention…
CBN orders banks to sell all excess dollars in their domains today
The circular said the CBN had noted with concern the growth in foreign currency exposures of banks through their Net…
Senate summons CBN Governor over free fall of Naira
Cardoso is to appear before the Senate Committee on Banking, Insurance and other Financial Institutions to answer questions on the…
North and Tinubu’s back-to-Lagos moves
However, it appears that Northerners who think the document is some sinister roadmap to dominate and subdue other parts of…
Sanusi counters Northern agitation: ‘Relocating CBN departments to Lagos in order’
According to Sanusi, northern politicians would shout that "this is moving from Abuja to Lagos. Abuja is a federal capital,…
CBN announces first MPC meeting under Cardoso
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has scheduled the first Monetary Policy Committee (MPC) meeting, under the…
Just In: CBN appoints new CEOs for Union, Keystone, Polaris Banks
The CBN had on Wednesday evening announced the dissolution of the boards and management of Union Bank, Keystone Bank, and…
JUST IN: CBN sacks boards of Union, Keystone, Polaris Banks
The apex bank said this action became necessary due to the non-compliance of these banks and their respective boards with…
No cause for alarm, Nigerian banks remain sound — CBN
“The CBN encourages the public to continue their regular activities without being alarmed by reports that have not emanated from…
CBN lifts ban on cryptocurrency transactions
Mustapha said that the apex bank would now provide regulations for financial institutions on how to manage cryptocurrency to avoid…