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…
The Federal Government has accused the Central Bank of Nigeria of misappropriating N2.73tn in interest payments from Ways and Means advances, raising serious concerns over irregularities in managing government funds.…
The Central Bank of Nigeria has disqualified 41.65 million shares worth N822.60m in Access Holdings Plc’s recently concluded rights issue. In a corporate notice filed on the Nigerian Exchange Limited…
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…