The Central Bank of Nigeria, (CBN) has again extended the suspension of processing fees on cash deposits till March 31, 2025. With the extension, cash deposits of more than N500,000…
The Central Bank of Nigeria released $547.7m (N823.19bn at the official exchange rate of N1,503.3/$1, as of June 30, 2024) to Nigerians for the importation of food items in the…
The Central Bank of Nigeria (CBN) facilitated the remittance of approximately $600 million through International Money Transfer Operators (IMTOs) in one year, the apex bank Governor, Olayemi Cardoso broke the…
The Central Bank of Nigeria, CBN, has commenced a re-validation exercise to ascertain complaints of manufacturers and importers over foreign exchange claims worth $2.4bn. The CBN Governor, Olayemi Cardoso, disclosed…
The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has defended the bank’s decision to raise the Monetary Policy Rate to 27.25 per cent, describing it as a…
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the monetary policy rate, which measures the benchmark interest rate, to 27.25 per cent. The monetary…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is expected to keep interest rate unchanged as the apex bank begins a two-day policy meeting today. Analysts…
…withdraws 2024-2025 Policy Guidelines Amid Misrepresentation The Central Bank of Nigeria (CBN) has temporarily withdrawn its biennial Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for 2024-2025 following widespread media…
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…
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…