Central Bank of Nigeria
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Economy
CBN approves FX sale to BDCs at N1,590/$
“Eligible BDCs interested in this transaction are directed to make the Naira payment to the CBN Deposit Account Numbers with…
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Business
Five banks budget $1.20bn for cybersecurity
Financial institutions that have started raising capital have stated that they will allocate $1.20bn from the proceeds to invest in…
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Economy
CBN declares highest remittance inflow of $553m in July
The Central Bank of Nigeria has announced a significant increase in remittance inflows, reaching $553m in July 2024. It said…
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Business
BREAKING: CBN endorses Unity, Providus banks merger
The Central Bank of Nigeria has approved the merger of Providus Bank and Unity Bank. The apex bank, in a…
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Economy
Naira falls by 17% to N951/$ on I&E window
The naira fell by 17.91 per cent to N951.22/$ on the official Investor and Exporter forex window on Wednesday. This…
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Politics
Invitation: HoReps issues warrant of arrest on CBN Governor, AGF, others
The House of Representatives Committee on Public Petitions has issued a warrant of the arrest on the Central Bank Governor,…
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Economy
CBN to freeze accounts without BVN, NIN April 2024
The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without a Bank Verification…
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Economy
Bank CEOs, others begin merger, acquisition talks over CBN fresh recapitalisation mandate
Indications emerged on Saturday that the chief executive officers and other top executives of Deposit Money Banks had begun moves…
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Economy
Projected $1tn economy: DMBs to increase capital base, says CBN Gov
The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has said that the apex bank will be asking…
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Economy
Naira drops to N956/$ at I&E window as dollar supply falls by 46%
The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by…
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