CBN Governor says FX Matching System will correct Naira’s true Value
Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has revealed that the soon-to-be-introduced electronic FX matching system will address the ...
Tag: CBN
CBN’s rate hike, Trump’s tariffs unchanged Naira’s fortune in the black market
The Nigerian currency showed strength in the official currency market but remained lukewarm in the black market following the CBN’s ...
Naira has been stable since June, Cardoso says
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, asserted that the value of the naira has shown ...
CBN sets new guidelines for FX trading via EFEMS, mandates $100,000 minimum trade
The Central Bank of Nigeria (CBN) has announced fresh guidelines for interbank foreign exchange (FX) trading via its Electronic Foreign ...
November 2024 MPR: CBN raises interest rate once again by 0.25% to 27.50%
The Central Bank of Nigeria (CBN) has once again raised its interest rate, increasing it by 25 basis points from ...
Why Nigerians have to pay for the new multipurpose national ID card – NIMC
The National Identity Management Commission (NIMC) has explained that Nigerians will have to pay for the new multipurpose national Identity ...
CBN refutes allegations of withholding foreign currency transfers
The Central Bank of Nigeria (CBN) has dismissed allegations suggesting that it is withholding foreign currency funds transferred to Nigerians' ...
CBN alerts Nigerians on fraudulent contracts and financial intervention schemes
The Central Bank of Nigeria (CBN) has issued a public notice warning Nigerians about the activities of fraudsters falsely claiming ...
Naira fails to hold N1,650/$ support line in official market
The Nigerian currency hit a multi-weekly low this week, demonstrating that CBN’s intervention and attractive fixed-income yields have not stopped ...
CBN imposes 10% fine on banks linked to cash hawkers
The Central Bank of Nigeria (CBN) has announced stringent penalties for Deposit Money Banks (DMBs) found diverting cash to hawkers, ...
