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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The Central Bank of Nigeria (CBN) has reported a significant decline in credit extended to the government, which fell to N24.52 trillion in January 2025.
Financial experts have called on the Central Bank of Nigeria (CBN) to prosecute bank directors with non-performing loans, rather than merely asking them to resign.
Renowned economist and CEO of Financial Derivatives Company, Bismarck Rewane, has backed the Central Bank of Nigeria's (CBN) decision to use $8 billion to stabilize the naira, describing the move as a necessary intervention to correct the currency's undervaluation.
Economist Bismark Rewane has backed the Central Bank of Nigeria’s (CBN) foreign exchange policies, stating that supporting an undervalued currency is necessary.
The Centre for the Promotion of Private Enterprise (CPPE) has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for its decision to pause rate hikes.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed optimism about the country’s economic trajectory, stating that inflation is on a downward trend and key economic indices are showing positive signs.
Nigeria’s latest treasury bills auction, conducted on February 19, 2025, attracted significant investor interest, with total subscriptions reaching N2.41 trillion across the three offered tenors.
A Kano State High Court has issued an order of perpetual injunction, preventing the Central Bank of Nigeria (CBN) from withholding funds from the Federation Account to the 44 local governments of the state.
Nigeria’s consumer credit outstanding rose significantly by 26.29% to N4.42 trillion in November 2024, up from the previous month.
The Central Bank of Nigeria (CBN) has announced a new date for the 299th meeting of its Monetary Policy Committee (MPC), shifting it from the initially scheduled February 17 and 18, 2025, to February 18 and 19, 2025.
The Central Bank of Nigeria (CBN) has officially approved the release of the Nigerian Foreign Exchange (FX) Code, a move aimed at fostering ethical conduct and transparency within the nation’s foreign exchange market.
The Central Bank of Nigeria (CBN) has launched two new financial products, the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA), aimed at attracting Nigerian citizens living abroad.