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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
Anytime we hear about foreign reserves, we just learn about the movement in the reserves, whether upwards or downwards. But there is more to the concept. Let's show you.
Flour Mills has made one of the largest contributions to the Coronavirus intervention fund set up by the CBN in collaboration with the private sector.
Chief Mike Adenuga has fully redeemed his pledge of N1 billion to the Private Sector Coalition against COVID-19.
The CBN has issued a fraud alert about the activities of cyber-criminals who are taking advantage of the current coronavirus pandemic to defraud citizens.
A Pan-African credit rating agency has predicted that diaspora remittances for this year are going to witness a 20% decline from last year’s figure.
A new report by Fitch has downgraded Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) to a 'B' rating.
Interswitch Group has denied being directed by the Central Bank of Nigeria (CBN) to suspend all dispute management operations.
Nigeria’s external reserves have continued to decline unabated as it shed $3.33 billion within the last 3 months.
The Central Bank of Nigeria (CBN) has directed Interswitch to suspend refund activities for failed Visa and Verve card transactions, pending the duration of the lockdown that was recently declared by President Muhammadu Buhari.
The crash in crude oil prices globally and the coronavirus pandemic appear to have negative effects on the Nigerian banking industry.
Naira has depreciated to its weakest level since February 2017 at the parallel market, which is also known as the black market.
There appears to be no let-off for Nigerian local currency, Naira as the mounting pressure on it continues unabated.