CBN

The Central Bank of Nigeria (CBN) has extended the Foreign Exchange (FX) sale period to Bureau de Change (BDC) operators until May 30. The extension is aimed at enhancing foreign exchange availability and better meeting retail market…

Guaranty Trust Holding Company Plc has secured the necessary approvals from the Central Bank of Nigeria and the Securities and Exchange Commission for the first tranche of its equity capital raise programme, successfully raising N209.41bn.…

The Central Bank of Nigeria (CBN) has warned members of the public to be cautious of the activities of fraudsters purporting to be in receipt of award letters of contracts related to construction works and special financial interventions on…

CBN, BoI, DBN Pledge to Empower Women Entrepreneurs The Central Bank of Nigeria, Bank of Industry, and Development Bank of Nigeria have declared their commitment to the Women Entrepreneurs Finance Code. This initiative aims…

The Central Bank of Nigeria (CBN) has reassured the public of its unwavering commitment to the stability and reliability of the Nigerian financial system. Ag. Director, Corporate Communications, Mrs. Hakama Sidi Ali in a statement said…

The Central Bank of Nigeria (CBN) says there are no plans by the Federal Government to convert its $30bn domiciliary deposits to Naira. The Apex Bank in a reaction to a story published by a national newspaper alleging that the government…

The Central Bank of Nigeria (CBN) is putting a stop to the daily Cash Reserve Requirement (CRR) debits and will be adopting an updated mechanism. The development is coming after the past week witnessed series of regulatory push to mitigate…

The Central Bank of Nigeria (CBN) has concluded the payment of all verified claims by airlines with an additional $64.44 million to the concerned airlines. Confirming the payment, Acting Director of Corporate Communications, CBN,…

In its determination to address the backlog of verified foreign exchange transactions, the Central Bank of Nigeria (CBN) has released US$500 million to various sectors. This comes barely a week after the Bank paid approximately US $2.0…

The Central Bank of Nigeria (CBN) has held a two-day strategic session for members of the Monetary Policy Committee (MPC), preparatory to their first meeting under the administration of Mr. Olayemi Cardoso as Governor of the Apex Bank.…