Inflows through IMTOs surge by 63.7% in nine months on CBN reforms
The Central Bank of Nigeria’s (CBN) latest quarterly statistical bulletin has revealed a significant 63.7% increase in international money transfer ...
Tag: CBN
CBN attributes exit of 1,000 Staff to digitisation, operational restructuring
The Central Bank of Nigeria (CBN) has confirmed the voluntary resignation of 1,000 staff members as part of a restructuring ...
FG’s deficit spending surges to N12.1 trillion amid revenue gains, rising debt pressure – CBN
The Federal Government’s deficit spending has seen a sharp increase, rising by 28% year-on-year (YoY) to N12.1 trillion in the ...
Money supply surges 51% YoY to N108.96 trillion amid rising debts – CBN
Nigeria’s Broad Money Supply (M2) soared by 51% year-on-year (YoY) to reach N108.96 trillion in November 2024, fueled by increasing ...
What 2024 “Detty December” taught us about Nigeria’s economy
Detty December, the month-long rave that turns Nigeria into a global party hotspot, has morphed into more than just a ...
Nigerians grapple with high PoS charges as banks’ ATMs remain empty
A few hours to the end of 2024, many Nigerians are now at the mercy of Point of Sales (PoS) ...
Nigeria’s private sector borrowed N1.89 trillion in November despite persistent interest rate hikes
Nigeria's private sector borrowed an additional N1.89 trillion in November 2024, raising the total credit to N75.96 trillion from N74.07 ...
Currency outside banks hits new high of N4.65 trillion as Nigerians battle cash scarcity
Currency outside banks hit a new high of N4.65 trillion in November 2024, representing 95.4% of the total currency in ...
Access Holdings becomes first financial holding company to meet CBN’s N500 billion minimum capital
Access Holdings Plc, the parent company of Access Bank, has secured “full regulatory approval” from the CBN and SEC for ...
CBN’s sale of interbank FX to BDCs will tame Nigeria’s inflation – ABCON
The Association of Bureau De Change Operators of Nigeria (ABCON) has commended the Central Bank of Nigeria (CBN) for lifting ...
