About 91 per cent of loans obtained from banks by companies are performing, the Central Bank of Nigeria (CBN) has said. In its latest credit conditions survey released at the…
The Nigeria Export Promotion Council, NEPC, has confirmed that the Central Bank of Nigeria, CBN, has approved CFA Franc to be captured on Nigeria Export Proceeds, NXP, forms for the…
The Central Bank of Nigeria, CBN, has said that without its policy interventions, inflation could have surged to 42.81 per cent by December 2024. It also projected that diaspora remittances…
The Central Bank of Nigeria, CBN, on Monday released the Nigeria Foreign Exchange (FX) Code as the Naira appreciated against the dollar at the black market. The apex bank disclosed…
The World Bank Group has said that the Central Bank of Nigeria must stay the course in its attempt to tackle inflation. This was revealed by the Senior Economist for…
The Central Bank of Nigeria (CBN) has imposed a fine of ₦150 million each on nine Deposit Money Banks (DMBs) for failing to make cash available via Automated Teller Machines…
With less than 15 months to recapitalisation deadline, banks have stepped up preliminary consultations on the prospect of business combinations. The ongoing recapitalisation is heading down to more competitive capital…
The Central Bank of Nigeria, CBN, has suspended approvals for the extension of export proceeds repatriation on behalf of exporters, effective immediately. This directive, issued via a circular dated January…
Nigeria’s external reserves increased to $40.920 billion as of January 6, 2025, up from $40.292 billion recorded on December 2, 2024. This is according to the Central Bank of Nigeria’s…
The official exchange rate between the naira and the United States dollar ended in 2024 at N1,535/$, an analysis of data from the Central Bank of Nigeria has shown. This…