Global Trade War: Naira Value Depreciates Amid Forex Outflows
The ongoing tariff conflict between the United States and several nations has led to a significant outflow of foreign exchange from Nigeria, resulting in a two-
No More Hiding Place For Loan Defaulters As CBN Issues New Guidelines
The Central Bank of Nigeria (CBN) has moved a step ahead of bank loan defaulters with a new guideline that allows seizing of their funds in other accounts. Acco
CBN Adjusts Official Naira Exchange Rate
This is contained in a data published on the website of the FMDQ on Tuesday, however, the official rate quoted on the website of the CBN remains at N360/$1. Mea
Nigeria May Go Into Recession, Says Finance Minister, Zainab Ahmed
Zainab Ahmed, Nigeria's Finance Minister, has said that the country may go into recession due to the slowing down of economic activities as shown in an assessme
Inlaks Raises Stake In CBN’s Financial Inclusion Target
Central Bank of Nigeria The 2020 financial inclusion target of the Central Bank of Nigeria (CBN) has received a boost as Inlaks has reiterated its commitment to
CBN’s Maiden Chinese Yuan Auction Put At N3.6 Billion
China currency, Yuan PHOTO: BANK OF CHINA. The first CNY 69.8 million auction of the Chinese currency by the Central Bank of Nigeria (CBN) under the swap deal w
CBN Pursues Model Financial Education Curriculum
The Central Bank of Nigeria (CBN) has stated the unveiled Financial Education Curriculum (FEC) would develop into a model for different nations, geared toward c
CBN, FMDQ Boost Market Confidence With Fixed Income Settlement Solution
Chief Executive Officer of FMDQ, Bola Onadele FMDQ OTC Securities Exchange, by means of the Central Bank of Nigeria (CBN), and the Financial Markets Dealers' As
CBN Mandates BDCs To Access Foreign Exchange Window Thrice Weekly
Central Bank of Nigeria The Central Bank of Nigeria (CBN) has made it mandatory for all the Bureau de Change (BDCs) operating in Nigeria to access Foreign Excha
CBN Laments Idle Data At Banks, Tasks Fintech On Utilisation
Central Bank of Nigeria's (CBN) governor Godwin Emefiele The Central Bank of Nigeria (CBN) is worried about the non-utilisation of data at banks, saying they ar
CBN Sustains Forex Intervention With $210 Million
The Central Bank of Nigeria (CBN) has stepped into the inter-bank sector of the Foreign Exchange market, yet again, intervening in the wholesale segment and oth
CBN Sells $514 Million In Two Trading Days
CBN • Naira stabilizes across segments In just two trading days, Friday and yesterday, the Central Bank of Nigeria (CBN) made a $514.4 million intervention in
CBN Injects $210m Into Foriegn Exchange Market
dollar PHOTO:AFP The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers' reque
CBN To Launch N10 Billion Fund For Egg Production
Fresh eggs The Federal Government, with the support of the Central Bank of Nigeria (CBN), has disclosed plans to launch a N10billion fund for the National Egg P
Oyo Restates Commitment To CBN’s Financial Inclusion Initiative
CBN building The Oyo State Government has promised to support the Central Bank of Nigeria's (CBN) initiative in actualising 80% Financial Inclusion rate by the
CBN Faults Allegation On Forex Trading
CBN faults allegation on forex trading By Racheal Ishaya The Central Bank of Nigeria (CBN) has described the Wailing Wailer Group, using the hashtag #OccupyCBN
Multiple Taxation Provokes Youths
Youths in Jos have kicked against multiple taxation and demanded a boost in security as well as provision of farming incentives. The youth made the remark on Su
CBN, Heritage Bank Offer N2b Lifeline To Triton Aqua
Heritage Bank Limited The Central Bank of Nigeria (CBN) in partnership with Heritage Bank Limited has provided a N2 billion long-term facility, under the Commer
N700 Billion Trapped In Private Placement Scams
Investors in Nigeria's capital market say N700 billion have been trapped in private placements by firms. They urged industry regulators to wade into the perceiv
CBN Denies Reports Of Allocation Of Dollars
The Central Bank of Nigeria (CBN) has denied reports from some quarters that it allocates dollars unilaterally. A statement by Mr Isaac Okoroafor, Acting Direct