CBN
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...
CBN redeploys 1,500 staff to Lagos
The Central Bank of Nigeria (CBN) says it has redeployed 1,500 staff members to its Lagos office from the headquarters to enhance productivity,...
Just in: CBN pumps $500m into forex market, vows to resolve all backlogs soon
The Central Bank of Nigeria (CBN) says it has pumped an additional $500 million into the volatile foreign exchange market to address persistent...
Sanusi Lamido hails movement of some CBN departments from Abuja to Lagos, says It’s strategic
With 90 percent of commercial banks headquartered in Lagos, former Central Bank of Nigeria (CBN) governor Sanusi Lamido Sanusi has described the relocation...
Forex: CBN working towards genuine price discovery – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, has said that the bank will work towards real price discovery...
CBN clears $2bln outstanding forex liabilities
The Central Bank of Nigeria (CBN) says it has paid approximately $2 billion in its bid to cushion the lingering challenges in the...
