The Central Bank of Nigeria (CBN) has clarified that there are no hidden charges attached to transactions on Non-Resident Bank Number (NRBVN) platform. The apex bank affirmed that no hidden…
A committee comprising representatives of the Central Bank of Nigeria, the Economic and Financial Crimes Commission, the Independent Corrupt Practices and Other Related Offences Commission and the Federal Ministry of…
A committee comprising representatives of the Central Bank of Nigeria, the Economic and Financial Crimes Commission, the Independent Corrupt Practices and Other Related Offences Commission and the Federal Ministry of…
The Central Bank of Nigeria, CBN, recorded a significant decline of N4.145tn in net loans and receivables in 2024, driven primarily by a reduction in its overdraft exposure to the…
Nigeria’s broad money supply rose to N114.22tn in March 2025 despite aggressive monetary tightening by the Central Bank of Nigeria, which raised the Cash Reserve Ratio to an unprecedented 50…
The Central Bank of Nigeria, CBN, has warned deposit money banks to avoid raising capital from illicit sources as part of the ongoing recapitalisation exercise. The apex bank said the…
***Posts $6.83b Balance Of Payments Surplus The Central Bank of Nigeria has said that personal remittance inflows rose to $20.93bn in 2024, reflecting an 8.9 per cent increase year-on-year. This…
The challenges facing the implementation of the Supreme Court judgment on local government autonomy have assumed a new dimension, with some state governors explicitly warning their council chairmen against opening…
The Central Bank of Nigeria, CBN, has dismissed a report claiming it had introduced N5,000 and N10,000 banknotes to facilitate cash transactions as false. In a statement posted on its…
The Central Bank of Nigeria (CBN) has appointed 16 new directors across key departments in a significant leadership shakeups. These appointments affect crucial areas such as Monetary Policy department, Trade…