Tag

CBN

The Central Bank of Nigeria (CBN) has extended the suspension of cash deposit processing fees from September 30, 2024 to March 31, 2025.  
In a move that has sent shockwaves through Nigeria's financial landscape, the Central Bank of Nigeria's Monetary Policy Committee (MPC) has once again defied expectations.
The Nigerian naira appreciated against the US dollar, closing at N1,576.10 in the official Investor and Exporter (I&E)...
The Central Bank of Nigeria (CBN) has said that its recent decision to licence more International Money Transfer Operators (IMTOs) has positively impacted remittance inflow into the country leading to a record of $585 million remittance in August 2024. 
This article extensively talks about the implication of the CBN's announcement that its Ways and Means Advances to the federal government will continue to be maintained at the 5% threshold
The Central Bank of Nigeria (CBN) has announced that it will sanction banks failing to dispense cash through their automated teller machine (ATMs), as part of efforts to ensure sufficient cash in circulation. 
The Central Bank of Nigeria (CBN) has projected that the lifting of refined petroleum products from the Dangote...
Nigeria’s external reserves have increased yet again, reaching $39.07 billion as of September 19, 2024.     
The Central Bank of Nigeria (CBN) has alluded that there is a correlation between monthly disbursement from the Federation Account Allocation Committee (FAAC) and liquidity in the banking system stating that it impacts the exchange rates.  
The Central Bank of Nigeria (CBN) Monetary Policy Committee has decided to further raise interest rate by 50 basis points to 27.25%.   
In the peculiar context of Nigerian public space, there are three categories of critics. The first is that of people who offer constructive engagements and are not bogged by pecuniary, regional, or primordial consideration.
The Naira has lost over half of its value in one year since Yemi Cardoso assumed office as the Governor of the Central Bank of Nigeria (CBN).