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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The World Bank has stated that despite the CBN's claim of unifying the official exchange rate the apex bank still supplies FX to at least four windows.
The World Bank has stated that Nigeria's external reserves are expected to decline as the CBN is expected to clear $1.7 billion worth of FX backlog...
The World Bank has stated that CBN's multiple exchange rates, trade restrictions, and the financing of the public deficit continue to damage the business environment.
A former Director of the CBN has called on the FG to consider building new refineries in order to meet domestic demands for petroleum products.
The CBN Governor, Dr. Godwin Emefiele, has urged operators in the non-oil export industry to provide a dedicated route for exporters.
Rep Ogun has called for the removal and prosecution of the CBN Governor, Godwin Emefiele for allegedly violating the provisions of the CBN Act 2007.
The CBN has increased the minimum bid for non-interest asset-backed securities to N100,000,000 from N1,000,000...
The Non-Performing Loans (NPL) ratio of commercial banks in Nigeria jumped to 5.3% in April 2022 from 4.84% held in February 2022.
Experts and scholars have stated that the rate hike would not have the desired effects on inflation in Nigeria.
Nairametrics took a cursory look at the Central Bank of Nigeria ACT, 2007, to understand the requirements for the CBN Governor’s termination...
The Central Bank of Nigeria has attributed the drop in Nigeria's external reserves to the high cost of imported refined petroleum products.
The CBN has stated that OFIs must meet certain requirements set by the apex bank to be enrolled in the CRMS.