PARIS OLYMPIC GAMES
CBN
Naira Depreciates to ₦1,585/$ in Parallel Market, ₦1,546/$ in Official Market
The Nigerian currency, the Naira, has continued its downward trend, depreciating further at both the parallel and official markets. According to data published...
Tinubu Nominates Melvin Ayogu into CBN Board, Seeks Senate Confirmation
President Bola Tinubu has nominated Melvin Ayogu into the board of the Central Bank of Nigeria (CBN), and has requested Senate confirmation for...
CBN appoints 16 directors to strengthen its operations
The Central Bank of Nigeria (CBN) has taken a significant step to bolster its leadership by appointing 16 new directors to head key...
CBN Extends Deadline for BDCs to Access Forex Market Until May 30
The Central Bank of Nigeria (CBN) has granted eligible Bureau de Change (BDC) operators more time to access the Nigerian Autonomous Foreign Exchange...
CBN Slams N1.35bln Fine on Nine Banks for Cash Scarcity
The Central Bank of Nigeria (CBN) has imposed a total fine of N1.35 billion on nine deposit money banks (DMBs) for failing to...
Breaking: CBN Raises Benchmark Interest Rate to 27.50% Amid Inflation
For the umpteenth time, the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR) by 25 basis points to 27.50%...
Nigeria’s Domestic Debt Reaches N66.957trn in H1 2024
Nigeria’s domestic debt stock has surged to N66.957 trillion in the first half of 2024, representing an 8.74 percent increase from N61.578 trillion...
Reps to CBN: Withdraw old naira notes before December 31 deadline
The House of Representatives has called on the Central Bank of Nigeria (CBN) to begin the gradual withdrawal of old N200, N500, and...
With giants campaign, First Bank is truly woven into society’s fabric
The ‘Giant in you’ campaign of the FirstBank has again confirmed the common expression that ‘apple doesn’t fall far from the tree’ given...
CBN sells $122.67m to 46 authorized FX dealers
The Central Bank of Nigeria (CBN) says it has sold $122.67 million to 46 authorized dealers as part of its effort to stabilize...
Nigeria’s foreign exchange reserves up by 5 percent to $33.58bln
Nigeria’s foreign exchange (FX) reserves have increased by five percent in the last two months, amounting to $33.58 billion. The latest development is...
CBN dissolves boards of Union, Keystone, Polaris Banks
The Central Bank of Nigeria (CBN) has announced the dissolution of the boards of directors of three major banks – Polaris Bank, Union...
Just In: CBN Revokes Operating License Of Heritage Bank Plc
The Central Bank of Nigeria (CBN), has revoked the license of Heritage Bank Plc with immediate effect. The move is in accordance with...
Breaking: OPay, Moniepoint, Others To Resume Onboarding New Customers ‘In Months’ – CBN
The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint, will...
Updated: CBN raises interest rate to 26.25% amid rising inflation
The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 150 basis points, from 24.75 percent to 26.25 percent, in...
Again, CBN raises Monetary Policy Rate to 26.5%
The Central Bank of Nigeria (CBN) has again increased the Monetary Policy Rate (MPR) from 24.75 percent to 26.5 percent.The MPR is the...
