CBN

Nigeria’s inflation hits 31.70% in February – NBS

Nigeria’s inflation rate rose to 31.70 percent in February 2024 from 29.90 percent recorded in January 2024, the National Bureau of Statistics said...

Food production: CBN donates 2.15m bags of fertilizer to Fed. Ministry of Agriculture

In a bid to boost food production across the country, the Central Bank of Nigeria (CBN) says it has handed over N100 billion...

CBN Board: Tinubu writes Senate, replaces Eke with Onwudiwe as Southeast nominee

President Bola Tinubu has written to the Senate, seeking the screening and subsequent confirmation of Ruby Onwudiwe as a member of the board...

CBN to sanction MfBs over late non-rendition of statutory monthly returns

The Central Bank of Nigeria (CBN) has directed all microfinance banks (MfBs) to adhere to prompt rendition of statutory monthly returns through the...

Documents Emefiele Used To Request $6.2m Payment For Election Observers Forged, Forensic Analyst Tells Court

A forensic analyst, Mr. Bamaiyi Meriga, has confirmed that the documents used by the former Central Bank of Nigeria (CBN) Governor, Mr. Godwin...

Binance set to exit Nigeria

Barely a week after the Nigerian government demanded $10 billion in retribution from Binance, the major global cryptocurrency player, it has announced the...

CBN revokes licences of 4,173 BDC operators

The Central Bank of Nigeria (CB) has taken decisive action by revoking the operational licences of 4,173 Bureaux De Change (BDC) operators, citing...

CBN to sell N1.64trn Treasury bills in Q2 2024

The Central Bank of Nigeria (CBN) has said it will sell Treasury bills (TBs) worth N1.64 trillion for the second quarter of 2024...

Breaking: CBN raises MPR to 22.75%, up by 400 basis points

The Central Bank of Nigeria (CBN), after its first Monetary Policy Committee (MPC) meeting, has raised the monetary policy rate by 400 basis...

CBN to sell dollar at N1,301 to authorized BDC

In its bid to increase liquidity, strengthen the naira, and curb distortion at the retail end of the FX market, the nation’s apex...

NSA, CBN join forces to curb illicit activities in forex market

In its bid to strengthen Nigeria’s foreign exchange market, the Office of the National Security Adviser (ONSA) says it has joined forces with...

CBN stops dollar cash payments for BTA, PTA

The Central Bank of Nigeria (CBN) has announced that it will no longer allow dollar cash payments for Business Travel Allowance (BTA) and...

NUPRC to relocate staff, some units from Abuja to Lagos

In its bid to deliver efficient service, the Nigerian Upstream Regulatory Commission (NUPRC) has started the process of relocating certain departments to Lagos....

Emefiele: FG Asks Interpol To Place Three Nigerians On Watchlist Over CBN $6.2m Fraud

The Federal Government has asked the International Police (Interpol) to place three Nigerians on its watch list over alleged forgery and withdrawal of...

Tinubu writes Senate, seeks confirmation of five CBN board directors

President Bola Tinubu has asked the Senate to screen and confirm the five people appointed as directors of the board of the Central...

Lagos Assembly worries about Naira value, urges FG, CBN to take bold steps to shore up its value

The Lagos State House of Assembly has decried the continued downward slide in the value of the naira against the dollar. As at...