Tag: CBN

In order to maintain stability in the exchange rate, the Central Bank of Nigeria (CBN) spent a total of $17.81billion on interventions at the inter-bank foreign exchange market in 2022 ...

The Central Bank of Nigeria (CBN) has set new transaction limits on contactless payments after issuing guidelines for commercial banks and other financial institutions to adopt. In a statement released ...

The directive is contained in a new CBN customer regulation, which is aimed at further strengthening the identification process in the banking system. The Central Bank of Nigeria (CBN) has ...

Nigeria's total foreign debt increased from N46.25 trillion in December 2022 to N49.85 trillion ($108.30 billion) as of March 31, 2023. Beginning in June 2023, the recently securitized N22.719 trillion ...

Last year, the Central Bank of Nigeria redesigned the naira and set a deadline that was later extended in response to public outcry. The Supreme Court, in a decision related ...

President Bola Ahmed Tinubu has suspended the Central Bank of Nigeria, CBN, Governor, Mr Godwin Emefiele from office with immediate effect. According to a brief statement made available by Willie ...

Luqman AKINTUNDE reports As petroleum price goes up to about ₦600/litre in Nigeria, it was reportedly announced in the early hours of Thursday, 1st of June, 2023 that the Central ...