PARIS OLYMPIC GAMES
CBN
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...
We must moderate our demands for forex, says Cardoso
The governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has called on Nigerians to cut down on their demands for...
NNPCL, CBN partner for seamless banking operations
In their bid to foster transparency and seamless commercial operations, the Nigerian National Petroleum Company Limited (NNPCL) and the Central Bank of Nigeria...
Nigeria’s inflation rate will drop to 21% in 2024, says CBN Gov. Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has guaranteed that despite increasing food and commodity prices, Nigeria’s inflation...
CBN reforms yielding positive results, says Cardoso
Recent reforms introduced by the Central Bank of Nigeria (CBN) are beginning to show positive results in the foreign exchange market, the governor...
CBN uncovers $2.4 bln fraudulent FX backlog of $7 bln outstanding FX claims
The Central Bank of Nigeria Governor, Dr. Olayemi Cardoso, has disclosed that $2.4 billion out of the reported $7 billion outstanding foreign exchange...
