cbn

Nigeria's private sector received N80.86 trillion in credit from the banking industry in February 2024, a 93.66 per cent Year-on-Year growth from N41.75 trillion reported in February 2023, the latest data from the Central Bank of Nigeria…

Wunmi Bewaji, a Leeds-trained securities and financial regulation expert, has urged the Central Bank of Nigeria (CBN) to prioritise the conduct of stress tests in the banking sector and not to adopt an arbitrary figure in its proposed…

The Central Bank of Nigeria (CBN) on Wednesday said it has cleared the $7 billion foreign exchange (FX) backlog inherited by Governor Yemi Cardoso. This move fulfills a key pledge on his appointment and signifies a significant step towards…

The Central Bank of Nigeria (CBN) last Wednesday sold N161.5 billion worth of Nigerian Treasury Bills (NTBs) across various maturities. Details revealed the apex bank offered N728.17 million which yielded N85.51 billion total subscription…

The Naira strengthened by 1.88 percent at the official market, to close at N1,572.68 against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM). In the Fixed income space, the Treasury Bills secondary market closed…

The Central Bank of Nigeria (CBN) on Wednesday announced that it has collaborated with the Ministry of Agriculture and Food Security to mitigate the surge in food prices. The Govenor, CBN, Olayemi Cardoso disclosed that the apex bank has…

Revelations from the recent Monetary Policy Committee meeting of the Central Bank of Nigeria (CBN) were alarming. CBN Governor, Olayemi Cardoso, announced that $26 billion in untraceable funds had flowed through Binance Nigeria Ltd in the…

Amid severe macroeconomy challenges and mopping up of liquidity by the Central Bank of Nigeria (CBN), Nigerian banks have borrowed a sum of N8.71 trillion from the apex bank between January and February 2024. The N8.71 trillion borrowed by…

A trained crypto investigator Obinna Iwuno says traders on cryptocurrency trading website Binance are not anonymous as they can be traced. Iwuno, who is the President of the Stakeholders in Blockchain Technology Association of Nigeria,…

The Central Bank of Nigeria (CBN) said it has concluded a sale of government securities, issuing N1.053 Trillion (US$680 million) in short-term instruments as part of its liquidity management exercise. In a statement on Monday, the apex…