CBN

The Central Bank of Nigeria (CBN? has said that it recorded an inflow of over $1.5 bn into the economy over the past few days, indicating that its monetary policy efforts are working positively. The bank’s acting Director, Corporate…

The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500 billion. A circular signed by the Director,…

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says it is not in the purview of the apex bank to regulate or prosecute actors in the cryptocurrency sector. Cardoso clarified this at a news conference on Tuesday after…

The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of s$7 billion have now been settled, fulfilling a key pledge of its Governor, Mr. Olayemi Cardosoo. In a statement on Wednesday, the apex…

The Central Bank of Nigeria (CBN), on Wednesday, handed over N100bn worth of fertilisers to the Federal Ministry of Agriculture and Food Security to boost food production across the country. CBN Governor, Olayemi Cardoso, handed over…

The Central Bank of Nigeria (CBN) has warned Nigeria and other West African nations regarding trends in borrowing practices. Traditionally, nations often relied on loans from the Paris Club, a group of creditor countries. However,…

The Central Bank of Nigeria (CBN) has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than two years after the suspended former CBN…

The Central Bank of Nigeria (CBN) has stopped international oil companies from repatriating 100% foreign exchange proceeds to their mother companies overseas at once. The apex bank said international oil companies can repatriate 50%…

Nigerian authorities have turned to Interpol for assistance in apprehending three individuals suspected of stealing a staggering $6.2 million from the Central Bank of Nigeria (CBN). The brazen heist, allegedly involving forged…

The plot thickens! The Economic and Financial Crimes Commission (EFCC) just dropped a bombshell, declaring Margaret Emefiele, wife of the former Central Bank of Nigeria governor, as wanted for an alleged money laundering heist.…

The House of Representatives had their minds blown this Tuesday as CBN Governor Yemi Cardoso unleashed a financial truth bomb. Turns out, Nigerians have been ballin' a bit too hard... on education and healthcare abroad, that is!…

Get ready for a financial grilling! The Nigerian House of Reps is set to launch its second sectoral debate/dialogue series on Tuesday, February 6th, focusing on the critical financial sector. Buckle up, as key players like the Finance…

Central Bank of Nigeria (CBN) Governor Yemi Cardoso, in an interview on AriseTV on Monday, revealed startling findings from a forensic audit of foreign exchange obligations, uncovering discrepancies amounting to $2.4 billion. He stated…

The Central Bank of Nigeria (CBN) has moved swiftly to quell rumors circulating online about plans to convert $30 billion in domiciliary deposits to naira. In a concise statement posted across its social media channels on Saturday, the…

The Central Bank of Nigeria, apparently tired of watching banks sunbathe on a beach of Benjamins -- Dollars, for the uninitiated-- while the Naira did the drowsy galala, just dropped a truth bomb hotter than jollof rice on a Tuesday…