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…
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…
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…
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…
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…
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…
The Central Bank of Nigeria, CBN, has disbursed $148m to 29 authorised dealers as part of steps to stabilise the foreign exchange market amidst the recent free fall of the…
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark lending rate to 26.75 per cent. The hike in the Monetary Policy Rate was disclosed by…
The Central Bank of Nigeria, CBN, resumed the sale of foreign exchange to eligible Bureau De Change operators on Thursday, as the naira fell to 1,570/$ at the parallel market…
A Federal High Court sitting in Lagos, has dismissed laywer Malcolm Emokiniovo Omirhobo’s case challenging the Arabic inscription on the Nigerian Naira notes. The Presiding Judge, Yellim Bogoro, dismissed the…