CBN

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.…

The Central Bank of Nigeria has paid $2bn to clear a part of its backlog of matured foreign exchange obligations to Deposit Money Banks. CBN’s forward contract obligations to banks is placed at $7bn, according to reports. The delay in…

The Central Bank of Nigeria has affirmed the safety of funds in Nigerian banks, emphasising the stability of the country’s banking sector. The apex bank therefore advised the public to continue with their regular banking activities…

The Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard its earlier ban on crypto transactions. This is according to a circular dated December 22, 2023,…