CBN

Nigeria’s rising global profile is not the conjuring of luck or the divination and contrivance of some dissociated variables. It is the result of purposeful, diligent and experienced leadership. It’s the result of President Bola Ahmed…

The Central Bank of Nigeria (CBN) is planning to upgrade its information and communication technology (ICT) facilities at the Dealing Room in Abuja. This announcement was made through a statement titled "Request for Proposal for the…

Recently, the Nigerian Economic and Financial Crimes Commission (EFCC) an anti-graft agency responsible for the investigation and prosecution of alleged financial crimes and offenders in the country issued a warning to schools, hotels, and…

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…