CBN Insists On 5% Ways And Means Cap
The Central Bank of Nigeria (CBN) has resolved to maintain a five percent limit on Ways and Means Advances to the Federal Government for the 2024-2025 fiscal years. This decision…
CBN, NDIC To Discuss Bank Recapitalisation At Summit
The Nigeria Deposit Insurance Corporation, the Central Bank of Nigeria, the Bank of Industry, the United Bank for Africa, Access Holdings Plc, and other financial institutions will be discussing the…
Banks’ Deposits With CBN Hit N3.42tn — Report
The deposits of banks with the Central Bank of Nigeria, CBN, hit a weekly high of N3.42tn at the end of last week. This followed the announcement of the operationalisation…
Court Summons CBN Gov Over Detained Binance Executive
A Federal High Court in Abuja has summoned the Governor of the Central Bank of Nigeria and the Head of the Legal Services Department of the apex bank to appear…
CBN Lifts Suspension On Standing Lending Facility
The Central Bank of Nigeria (CBN) has lifted the suspension on the Standing Lending Facility (SLF), a critical tool used by banks to manage their short-term liquidity needs. This move…
CBN Posts Highest Remittance Inflow Of $553m In July
The Central Bank of Nigeria has announced a significant increase in remittance inflows, reaching $553m in July 2024. It said the amount is a 130 per cent increase from the…
CBN Re-introduces Publication Of Key Economic Reports
The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering transparency and accountability in the Nigerian economy. These reports, including the…
CBN Dumps 12-Month Forex Policy With $876m Auction
The Central Bank of Nigeria, CBN, has auctioned $876.26m to end users whose bids were submitted by 26 commercial banks in the apex bank’s latest attempt to strengthen the ailing…
CBN Classifies Inactive 10-Year Accounts As Dormant
The Central Bank of Nigeria, CBN, has clarified that only accounts that have been inactive for over 10 years are eligible to be classified as dormant and will be used…
JUST IN: CBN Sells $148m To 29 Authorised Dealers
The Central Bank of Nigeria, CBN, has disbursed $148m to 29 authorised dealers as part of steps to stabilise the foreign exchange market amidst the recent free fall of the…
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