Tag: CBN
CBN data shows naira appreciates slightly, external reserves climb
Nigerian naira began the new trading week on a positive note, recording a slight appreciation against the United States dollar…
House of Reps give Cardoso 14 days or face arrest
The House of Representatives Joint Committees on Public Accounts and Public Assets have issued an ultimatum to Central Bank Governor…
CBN Data: Nigeria’s foreign reserves rise by $200m in 30 days to hit $37.94bn
Momentum picked up significantly on July 11, when reserves climbed to $37.43 billion. The sharpest increase came on July 14,…
CBN retains tight policy, keeps interest rate at 27.50%
In addition to retaining the MPR, the MPC voted to keep the Cash Reserve Ratio (CRR) unchanged at 50% for…
New CBN’s BDC policy threat to northern economy, national security – Arewa Forum
According to him, Nigeria’s new policy could wipe out Northern participation in the BDC space, a sector that has long…
No hidden charges for NRBVN, CBN clarifies
In a statement by Acting Director of the Corporate Communications Department, Mrs Hakama Sidi-Ali, the apex bank affirmed that no…
CBN data shows Naira recovery as depreciation streak ends
Central Bank has reiterated its commitment to stabilizing the foreign exchange market through various interventions, including tightening monetary policy, managing
‘Stop plot by CBN, AGF to pay our LG funds to private accounts,’ Osun govt urges Tinubu
Osun Commissioner for Local Government and Chieftaincy Affairs, Dosu Babatunde said this in a statement on Wednesday.
SERAP sues CBN over missing billions for 774 LGAs
This legal move comes in the wake of the Supreme Court’s July 2024 judgment, which declared that state governors have…
CBN keeps Interest Rate unchanged at 27.50%
The Liquidity Ratio (LR) remains unchanged at 30%, while the asymmetric corridor is maintained at +500/-100 basis points around the…
Could Nigerian banks be in danger? CBN breaks silence on explosive claims
The apex bank reaffirmed its commitment to continuous oversight of financial institutions through rigorous frameworks designed to detect early warning…
CBN unveils BVN platform for diaspora Nigerians
The initiative, tagged Non-Resident Bank Verification Number (NRBVN) platform was described as a milestone in Nigeria’s financial inclusion journey and…
Expose the billions! SERAP pressures CBN to reveal LG Fund transfers or face redress
The group also cited former President Muhammadu Buhari’s shocking 2022 revelation that some local government chairmen were coerced into signing…
Naira depreciates against dollar at official market
The Naira had remained relatively static for three trading days, from Monday, April 28, to Wednesday, April 30, when it…
CBN shocks critics with $6.83bn Surplus: Nigeria’s economy roars back
“International Money Transfer Operator inflows surged by 43.5 per cent to 4.73 billion dollars, up from 3.30 billion dollars in…