Nigeria’s FX reserves drop by $359.81 million in one week
Nigeria’s foreign exchange (FX) reserves have recorded a notable decline, shedding $359.81 million within a single week to settle at ...
Tag: CBN
CBN fines nine banks N150m each for failing to disburse ATM cash
The Central Bank of Nigeria (CBN) has imposed fines of N150 million each on nine Deposit Money Banks (DMBs) for ...
eNaira value declined to N18.32 billion in September 2024 – CBN
The Central Bank of Nigeria (CBN) has reported a marginal decline in the value of the eNaira, Nigeria's official digital ...
CBN bars local deposits for newly launched diaspora-focused accounts
The Central Bank of Nigeria (CBN) has prohibited local deposits into the newly launched Non-Resident Nigerian Ordinary Account (NRNOA) and ...
Naira weakens further, closes the week at N1,544.50/$1 on official market, hits N1,647/$1 in parallel market
The naira experienced sustained pressure across foreign exchange markets this week, closing at N1,544.50/$1 on the official market and trading ...
Strong US job report increases risk of naira depreciation in 2025
The United States economy delivered a stronger-than-expected jobs report in December, creating 256,000 jobs compared to economists’ expectations of 160,000. ...
FG spends N8.94 trillion on debt servicing in nine months – CBN
The Federal Government spent N8.94 trillion on debt servicing in the first nine months of 2024, accounting for 47% of ...
CBN halts extension of export proceeds repatriation for exporters
The Central Bank of Nigeria (CBN) has issued a circular announcing the immediate suspension of approvals for the extension of ...
Court rules on jurisdiction in former CBN Gov. Emefiele’s trial, strikes out 4 counts
The Lagos State Special Offences Court in Ikeja has assumed jurisdiction to preside over allegations against former Central Bank of ...
Non-oil exports surge by 19.23% in October 2024, with Brazil and Netherlands leading as key destinations – CBN
The Central Bank of Nigeria (CBN) has reported that the country’s non-oil exports have increased by 19.23 per cent to ...
