The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of 6.83 billion dollars for the 2024 financial year.
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Nigeria’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 stood at $23.11 billion, the highest level in over three years, reflecting a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence.
The Nigerian Export Promotion Council (NEPC) has announced that the Central Bank of Nigeria (CBN) has approved the inclusion of…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has announced plans to establish a Compliance Department…
Tunde Omosebi, a former All Progressives Congress (APC) presidential aspirant, has filed a lawsuit against the Central Bank of Nigeria…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has announced the launch of two transformative initiatives,…
The Central Bank of Nigeria (CBN) has imposed fines totaling ₦1.35 billion on nine Deposit Money Banks (DMBs) for failing…
Nigeria’s Federal Government spent a staggering N8.94 trillion on debt servicing in the first nine months of 2024, accounting for…
Data from the Central Bank of Nigeria said the net foreign exchange (FX) inflows through the economy rose by 65.7 per cent year-on-year (YoY) to $46.92 billion in the first ten months of 2024 (10m’24).
The Central Bank of Nigeria (CBN) has restricted Point of Sales (PoS) agents to a daily transaction limit of N1.2 million.