The net foreign exchange inflow to the Nigerian economy in the third quarter of the year decreased by 2.97 per cent to $14.46bn from $14.89bn in the preceding quarter. This…
The Central Bank of Nigeria, (CBN), and the Nigerian Communications Commission, (NCC), have directed Deposit Money Banks and Mobile Network Operators to settle the long-standing N250bn USSD debt dispute. The…
The Central Bank of Nigeria has said that the $42 billion external reserves of the country, can finance importation of goods and services for more than nine months. This is…
The recent spot checks conducted by the Central Bank of Nigeria, (CBN), on Deposit Money Banks (DMBs) have shown that much of the cash supplied to the banks goes to…
The Central Bank of Nigeria, (CBN), has imposed a N150 million penalty per branch on Deposit Money Banks (DMBs) found engaging in the illegal flow of freshly minted Naira notes…
The Central Bank of Nigeria has reaffirmed the validity of the old N1000, N500, and N200 banknotes as legal tender, clarifying misinformation circulating about their status. In a statement signed by Mrs Hakama Sidi-Ali, the…
Governor of Central Bank of Nigeria, CBN, Olayemi Cardoso, has told chief executive officers of Nigerian banks to seek bold solutions in addressing the challenges facing the banking sector. According…
The Association of Senior Staff of Banks, Insurance, and Financial Institutions has attributed the worsening cash shortage across the country to the Central Bank of Nigeria’s inability to meet the…
The Central Bank of Nigeria, CBN, has described as fake a circular that it authorised the sales of foreign exchange to Bureau De Change operators in the country. The circular…
The Central Bank of Nigeria, CBN, has said that Nigeria remains in a financial and economic crisis. CBN Governor Yemi Cardoso made this statement at the 14th Annual Bankers’ Committee…