FG, CBN deny plans to convert $30 billion domiciliary deposits to naira
The Federal Government and the Central Bank of Nigeria (CBN) have denied that there are plans to convert $30 billion ...
Tag: CBN
Currency in circulation increases by N890 billion in three months under Cardoso
The amount of currency in circulation (CIC) has increased by about N890 billion between September 2023 and December 2023, according ...
CBN bans banks, fintechs from international money transfer services, hikes application fee by 1,900%
The Central Bank of Nigeria (CBN) has banned banks and financial technology companies (fintechs) from international money transfer services.
CBN adjust “Net Open Position” rules to curb Banks’ forex speculation
The Central Bank of Nigeria (CBN) has released a new circular addressing suspected cases of excessive foreign currency speculation from ...
FX backlog: CBN confirms, clears 17% of airlines’ claims
The Central Bank of Nigeria (CBN) has said that it has fulfilled its promise by clearing $64.44 million backlog of ...
CBN warns forex dealers against market manipulation, threatens sanctions
CBN has warned authorized dealers to ensure that transactions in the forex market are conducted transparently and any form of ...
Nigeria’s money supply hits all-time high of N78.74 trillion in December 2023
Nigeria’s broad money supply increased to N78.74 trillion as of December 2023, the highest ever recorded in the country. This ...
Shettima inaugurates N15 billion CBN-funded complex in Bayero University in Kano State
Vice President Kashim Shettima on Monday officially launched a N15 billion Centre of Excellence complex funded by the Central Bank ...
CBN releases $500 million to clear more verified Forex liabilities
The Central Bank of Nigeria (CBN) has said that it has released 500 million dollars to various sectors in its ...
Cardoso CBN stops paying MPC members without notice
The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, has ceased payments to its Monetary Policy ...
