Nigeria’s foreign reserve rises by $79.1 million in July 2021

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Since the external reserve started recording consistent positive growth, the reserve has gained $314.7 million in 12 days.

CBN health intervention fund gets new interest rate by March 2012, Nigerian banks’ non-performing loans drop significantly by 41% in 2019, External reserves decline by over 8% in 3 months, Nigeria’s external reserves increase by $1.36 billion in 13 days

CBN reassures Nigerians of smooth FX supply

by Ubah Jeremiah Ifeanyi

August 3, 2021

The Central Bank of Nigeria has informed the public that it has put in place monitoring measures to guarantee that ...

Banks' stakeholders express 4 main concerns bothering the sector right now, CBN, MARKET UPDATE: CBN’s historic agriculture lending; Is it yielding the desired results?

CBN denies report of plans to convert customers’ foreign currency account to naira

by Chike Olisah

August 3, 2021

The CBN has dismissed reports of its planned conversion of foreign exchange in domiciliary accounts of bank customers into naira.

Exchange rate gains at NAFEX as external reserves loses almost $1 billion in less than a month

Fear rises over possible conversion of Dollars in domiciliary accounts into Naira

by Ubah Jeremiah Ifeanyi

August 2, 2021

There is palpable concern that the CBN could consider converting dollars in domiciliary accounts of banks held on behalf of ...

Currency Sellers List Theories That Explain Why The Black Market Is Running Wild

Stoppage of sales of forex to BDCs – another courageous policy by the CBN

by Op-Ed Contributor

August 2, 2021

The latest decision of the Central Bank of Nigeria (CBN) to stop the sale of FOREX to Bureau De Change ...

WorldRemit unveils USD payout option in Nigeria

We have dollars – Nigerian banks tell customers

by Suzanne Oyebola

August 2, 2021

Deposit money banks in the country have moved to implement the directive from the Central Bank of Nigeria (CBN) to ...

Nigerian High Commission in UK gives details of next batch of evacuation flight on August 15

Why Nigerians planning vacation in Ghana, UK will spend more on flights this year

by Abiola Odutola

August 2, 2021

Nigerians planning vacations this summer will be faced with high airfares, as the prices of flight tickets have surged, compared ...

More details emerge about how CBN’s e-Naira would affect Nigerians

by Ubah Jeremiah Ifeanyi

July 30, 2021

The Central bank has taken actions against crypto transactions, but embraced the fourth industrial revolution as Nigerian Central Bank Digital ...

The Nigerian economy is increasingly dollarized but there is a way-out

CBN and Nigerian banks battle currency speculators

by Olumide Adesina

July 30, 2021

Currency speculators who profit from round-tripping and other currency manipulation practices are in trouble, as the Nigerian central bank and ...

Naira closes at a record low of N409/$1 at NAFEX

Exchange rate falls at official market as forex turnover drops by 83%

by Samuel Oyekanmi

July 30, 2021

Thursday, 29th July 2021: The exchange rate between the naira and the US dollar closed lower at N411.67/$1 at the official ...

Tag: CBN