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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
Twitter’s CEO, Jack Dorsey, last year, announced he would be moving to Africa to explore the opportunities in crypto.
According to Moody’s Investors Services, the depreciation in Naira will put a strain on the assets of Nigerian banks struggling to raise asset.
Nigeria's one-year currency forward posted its biggest drop in more than a decade yesterday as the ASI Index fell to an eight-year low.
The CBN has halted the sale of dollars to the NNPC by oil companies, including IOCs that operate within the shores of the country.
Keystone Bank Limited (former Bank PHB) has announced the appointment of Mr Olaniran Olayinka as its new Acting Managing Director/CEO.
The Central Bank of Nigeria (CBN) has decided to collapse the multiple exchange rate policy which was used to determine the value of the Naira and move to a single exchange rate policy.
The Nigerian Senate has expressed its willingness to consider the removal of subsidy on petrol and devaluation of the Naira.
In light of the rampaging impact of the COVID-19 pandemic on global supply chains, CBN announced its initial policy response to the pandemic.
It has been revealed that Nigerians spend about $14 billion on generator and fuel yearly in order to prevent their businesses from crippling.
With coronavirus affecting prices of goods, the governor of the CBN, Godwin Emefiele says the CBN is contemplating reducing interest rate.
It appears the official exchange rate is now N368 per dollar, at least based on a bank customer’s experience and his bank’s response.
The CBN has directed Other Financial Institutions (OFIs) to adopt the compulsory Nigeria Uniform Bank Account Number (NUBAN) or face sanctions.