central bank of Nigeria

The Central Bank of Nigeria (CBN), says it has disbursed $61.64 million to foreign airlines through various Deposit Money Banks (DMBs). Hakama Sidi-Ali, the Acting Director, Corporate Communications on Sunday, said the disbursement is in…

Banks operating in Nigeria have deposited N5.35 trillion with the apex bank between October and November 2023 following the removal of the cap on the Standing Deposit Facility (SDF) remunerable by the Central Bank of Nigeria (CBN). Data…

The Central Bank of Nigeria (CBN) has approved 2,991 Bureau de Change (BDC) dealers to operate in the market, giving the boot to 2,698. BDCs in Nigeria are the major influencers of exchange rates and the new development may be in…

Deposit Money Banks’ (DMB) daily borrowings from the Central Bank of Nigeria (CBN) in half-year period ended June 2022 shrank significantly by 39.3 percent to N49.54 billion,  from N81.64 billion in the corresponding period of 2021 buoyed…

Central Bank of Nigeria (CBN) has raked in $4.987 billion non-oil earnings through non-oil exporters so far in 2022 under the Race to US$200 Billion in Foreign Exchange (FX) Repatriation (RT200) programme.

Between the month of March and June this year, Emerging Markets across the world recorded an unprecedented outflow of funds to the tune of $30.1 billion, putting pressure on currencies around the world, including the Nigerian Naira, the…

The United Arab Emirates’ threat to impose a visa restriction on Nigerians, according to a coalition of youths operating under the auspices of the Nigerian Ethnic Youths Leaders Council, is an ill-conceived scheme to blackmail the…

The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) Thursday, formally announced that Strategic Capital Investment Limited (‘SCIL’) has acquired  100 per cent equity of Polaris Bank, formerly Skye Bank.…

The leadership of the House of Representatives on Monday intervened in the ongoing dispute between Nigeria and foreign airlines over the controversial "trapped funds" belonging to the airlines. After a meeting chaired by the Speaker of…

Lately, the country’s external reserves started heading south after impressive accretion over months. This is despite rising international prices of crude oil. No doubt, this sudden reality has, however, put spikes in the Central Bank of…