CATEGORY: CBN

CBN Revalues Dollar Rate for Invisibles to N357, Orders Banks to Retail At N360

Nairametrics| According to a tweet from the CBN, and a statement from its spokesperson Isaac Okorafor, the CBN will...


January FX Utilization By Banks Shows $811m Allocated To PTA

Nairametrics| The Central Bank of Nigeria on the 1st of March published the list of forex sold by commercial...




CBN Introduces New Foreign Exchange Policy.

In what appears to be a step towards a flexible exchange rate, the Central Bank Of Nigeria (CBN) today...


CBN Attacks “Emefiele Must Go” Gang With 16 “Emefiele Must Stay” Tweets

Nairametrics| The Central Bank on Saturday, through its twitter handle, released a series of tweets directed at critics calling...


CBN Just Denied Two Of The Biggest Infractions It Has Been Blamed For

The Central Bank of Nigeria has been under frequent criticism from Nigerians unhappy with its handling of the forex...


Implications Of The CBN Circular on Virtual Currencies (VC) Operations In Nigeria

The Central Bank of Nigeria (CBN) yesterday released a circular concerning Virtual Currency (VC) operations in Nigeria. While the...


Nigeria’s Forex Reserves Drop By $14 billion Since July 2014

Nairametrics| Nigeria’s external reserves fell from about $29 billion on December 31 2015 to $25.8 billion by December 31,...



Controversies trail CBN’s decision to clamp down on foreign money transfers

The Central Bank of Nigeria has revoked the licenses of all money transfer companies, except three, citing “the greater...


UBA Gets Lion Share, As CBN Forex Sales To Banks Drops By $5.3 Billion

Central Bank Of Nigeria (CBN) Last week, sold a total of $130.755.294.59 to 14 commercial banks, 4 merchant banks...


CBN Injects N4.9 Billion Loan To Rice Farmers

Governor of the Central Bank of Nigeria, (CBN) Godwin Emefiele on Sunday, said that a total of N4.9bn has...


Nigerians Should Expect Rise In Interest Rates – Emefiele

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Saturday, revealed that Nigeria’s monetary policy rate would...


Currency Restrictions Becomes Unbearable As PZ Cussons Shriek

The currency restrictions imposed by the Central Bank is becoming unbearable for PZ Cussons Plc as the maker of...


CBN To Raise Treasury Bills Worth N167.5 Billion

The Central Bank of Nigeria, (CBN) on Tuesday said it plans to raise N167.51 billion ($843.67 million) in treasury...


Inflation: Emefiele Sets Nigeria On The Path To Zimbabwe

When you are a Central Bank Governor and you fail in all your major mandates (inflation, growth and currency...


CBN Invests N26 Billion In Sunti Sugar Factory

Governor of the Central Bank of Nigeria,(CBN) Godwin Emefiele, has given assurances to genuine investors of the apex bank’s...


Did Emefiele Use Private Jets For Mother’s Burial?

Central Bank of Nigeria on Saturday said that its governor, Godwin Emefiele, has not been making his official travels...


[BOOM] Diamond Bank Tops In Central Bank’s Monthly Allocation For March

The Central Bank of Nigeria (CBN) has released allocation for the month of March, with all the banks receiving...


Emefiele: No Naira Policy, Let’s Hope Oil Prices Rise

Nigeria’s embattled Central Bank Governor Godwin Emefiele, shocked markets with a surprise rate hike this afternoon. We have enumerated...