CREDICORP says 151 financial institutions have signed up for consumer credit scheme
The Nigerian Consumer Credit Corporation (CREDICORP) on Thursday disclosed that a total of 151 financial institutions comprising commercial banks, fintechs, ...
Tag: CBN
Nigeria’s exchange rate records best gain in two weeks, closes at N1,570/$1 on Thursday
The naira surged to N1,570/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Thursday, marking an increase of ...
Nigeria’s currency in circulation exceeds N4 trillion in June 2024, first time in history
The latest data from the Central Bank of Nigeria (CBN) shows that the currency in circulation (CIC) reached a year-high ...
CBN sued over ‘failure’ to account for missing N100 billion in dirty notes in Nigeria
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its ...
CBN to create new office to manage dormant account funds
The Central Bank of Nigeria (CBN) has disclosed that it will create a dedicated office to manage dormant accounts and ...
Customs exchange rate for duties collection crosses N1,600/$
The exchange rate for import duties collection by the Nigeria Customs Service (NCS) has risen to N1601.84/$ on the back ...
CBN sells $148 million to 29 forex dealers as naira faces demand pressure
According to a statement on Friday, the transactions, conducted on July 22 and 23, 2024, aim to provide much-needed stability ...
Nigeria’s exchange rate closes at N1,603.80/$1 as naira hits worst level in four months
The naira has suffered further depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, closing at N1,603.80/$1 on Thursday, ...
Nigerian Manufacturers say 1,475 basis point rise in interest rate since 2022 leads to inflation
The Manufacturers Association of Nigeria (MAN) has reacted to the recent decision by the Central Bank’s Monetary Policy Committee (MPC) ...
CBN sells one-year Treasury Bills at 22.1% in July auction
The Central Bank of Nigeria (CBN) has sold one-year Treasury Bills (T-Bills) at a stop rate of 22.1% during its ...
