Central Bank of Nigeria News – Page 13 of 24

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

CBN Fumes As Politicians Mop Up New Naira Notes In Nigerian Banks

Commercial banks in Nigeria risk sanction from the country’s financial regulator, the Central Bank of Nigeria (CBN), for exclusively dishing out the new naira notes politicians. In a statement signed by Benedict

Fakoyejo Olalekan

2 years ago

Business·Currency

Forex Supply Falls In Official Market, As Dollar Trades At N461.67, Pound Rises

The supply of foreign exchange (forex) fell by 40.3 per cent in the official market on Monday, as the exchange rate stabilises in the window backed by the Central Bank of Nigeria

Fakoyejo Olalekan

2 years ago

Polaris Bank Media Seminar: Expert Calls For More Training On Investigative Journalism

Business

2 Reasons We Didn’t Sell Polaris Bank To Fairview Acquisition Partners – CBN

The Central Bank of Nigeria (CBN) has revealed that Fairview Acquisition Partners undervalued Polaris Bank in their acquisition offer. The CBN revealed this in a statement reacting to the allegation of bias

Fakoyejo Olalekan

2 years ago

Business·Currency

Naira Gains In Official Market As Dollar Rate Falls Ahead Of CBN Deadline

The naira appreciated in the official market on Tuesday, December 3, 2023, as the Central Bank of Nigeria (CBN) backed foreign exchange channel resumed for forex trading. After trading hours, the dollar exchanged

Fakoyejo Olalekan

2 years ago

Failure To Scrap Fuel Subsidy, Cash Shortage Major Fiscal Risk To Nigeria’s Economy - FocusEconomics

Business

Buhari Says Govt Will Pay N1.8 trillion Interest On N23.7trn CBN Loan

President Muhammadu Buhari disclosed that the Central Bank of Nigeria (CBN) will have to be paid N1.8 trillion if the National Assembly doesn’t restructure the N23.7 trillion loan obtained from the apex bank.

Fakoyejo Olalekan

2 years ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business

Nigeria’s Foreign Reserves Drops To $37.09 billion, CBN’s MPC Member Makes Projection

Within 12 months, Nigeria’s foreign reserves fell by $3.43 billion in 2022. However, it increased towards the end of the same year, reflecting the projection made by a member of the Central

Fakoyejo Olalekan

2 years ago

Business

Senate Sets Up Special Committee To Probe CBN’s N22.8trn Loan To Buhari’s Gov’t

The Nigerian Senate has set up a special committee to probe the Ways & Means loans the Federal Government obtained from the Central Bank of Nigeria (CBN) and request by President Muhammadu

Fakoyejo Olalekan

2 years ago

Business

CBN’s $200 Billion FX Repatriation Programme Worsening Nigeria’s Problem – World Bank

The World Bank said the ‘Race to US$200 Billion In FX Repatriation (RT200 FX)’ Programme of the Central Bank of Nigeria (CBN) has worsened Nigeria’s foreign exchange (forex/FX) problem. Recall that the

Fakoyejo Olalekan

2 years ago

CBN Asked To Disburse N250 billion To Cushion Subsidy Removal

Business

CBN Places 6,047 BVNs On Fraud Watch List, BVN Linked Accounts Increase

The Central Bank of Nigeria (CBN) has placed some Bank Verification Numbers (BVN) of bank customers on a watch list for fraudulent transactions. This comes as Nigeria prepares for a very important

Fakoyejo Olalekan

2 years ago

Business

German Embassy Rejects Old Naira Notes Before CBN’s Deadline

The German Embassy has disclosed that it will stop accepting old naira notes before the deadline set by the Godwin Emefiele-led Central Bank of Nigeria (CBN). Prime Business Africa had reported that

Fakoyejo Olalekan

2 years ago

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Central Bank of Nigeria News - Page 13

CBN Fumes As Politicians Mop Up New Naira Notes In Nigerian Banks

Forex Supply Falls In Official Market, As Dollar Trades At N461.67, Pound Rises

2 Reasons We Didn’t Sell Polaris Bank To Fairview Acquisition Partners – CBN

Naira Gains In Official Market As Dollar Rate Falls Ahead Of CBN Deadline

Buhari Says Govt Will Pay N1.8 trillion Interest On N23.7trn CBN Loan

Nigeria’s Foreign Reserves Drops To $37.09 billion, CBN’s MPC Member Makes Projection

Senate Sets Up Special Committee To Probe CBN’s N22.8trn Loan To Buhari’s Gov’t

CBN’s $200 Billion FX Repatriation Programme Worsening Nigeria’s Problem – World Bank

CBN Places 6,047 BVNs On Fraud Watch List, BVN Linked Accounts Increase

German Embassy Rejects Old Naira Notes Before CBN’s Deadline

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