Tag: CBN
CBN: $543.5m FX sold to authorised banks in 11 days
The Central Bank of Nigeria has disclosed that it sold a total sum of $543.5m at the rate of N1,540 and N1,580 to authorised...
Banks circumvent CBN ban, disburse N132bn intervention fund, says Report
The social programme intervention funds left unused in the coffers of nine Deposit Money Banks reduced to N399.34bn despite the discontinuance of the scheme...
CBN sells $20,000 to BDCs at N1,590/$
The Central Bank of Nigeria (CBN) has approved the sale of $20,000 to Bureau De Change (BDC) operators at the rate of N1,590 to...
CBN reports all-time high remittance inflows at $553m for July 2024
The Central Bank of Nigeria (CBN) on Tuesday announced an unprecedented surge in remittance inflows, reaching $553 million in July 2024—a 130% increase compared...
Naira crude oil sales initiatives: Implementation Committee meets to fast track...
In a significant step towards ensuring the speedy realization of the Presidential directive on Crude Oil Sales in Naira with a view to enhancing...
Again, CBN raises MPR by 50 basis points
The Monetary Policy Committee (MPC), on Tuesday announced another increase in the country’s Monetary Policy Rate (MPR), known as the baseline interest rate, to...
CBN issues fresh guidelines for foreign currency deposit
The Central Bank of Nigeria (CBN) has issued fresh guidelines to Deposit Money Banks (DMBs) on the deposit of foreign currency notes with the...
Cardoso says CBN’ll support govt to achieve $1trn GDP in 2030
The Central Bank of Nigeria Governor, Olayemi Cardoso, said the CBN would continue to collaborate with relevant financial institutions, the fiscal authorities, and the...
Cardoso: CBN’ll tame inflation through conventional methods
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has reiterated the determination of the bank’s Monetary Policy Committee (MPC) to tame inflation through...
Nine of 29 directors survive as CBN implements Obazee report
Sixteen of the twenty-nine directors heading different units of the Central Bank of Nigeria (CBN) have been disengaged, according to a report by PREMIUM...
- Advertisement -
