The Monetary Policy Committee (MPC), on Tuesday announced another increase in the country’s Monetary Policy Rate (MPR), known as the baseline interest rate, to 26.75 per cent from 26.25 per cent.
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The Central Bank of Nigeria (CBN) has implemented stricter regulations for managing dormant accounts and unclaimed financial assets in banks and other financial institutions.
The Central Bank of Nigeria (CBN) may spend up to $110.81 million to sell foreign exchange (FX) to eligible Bureau…
The Central Bank of Nigeria (CBN) has projected that Nigeria’s external reserves could reduce slightly in 2024.
The Corporate Affairs Commission (CAC) has announced plans to cancel the certificates of incorporation for Bureaux De Change (BDCs) whose…
Cardoso emphasized the importance of closely monitoring the trends, risks, and innovations within NBFIs/OFIs, noting that their rising transactions volumes pose potential threats to the stability of the financial system.
This trend signals the first month of stable exchange rates since the Central Bank of Nigeria (CBN) implemented a series of reforms in the foreign exchange sector.
Deposit Money Banks (DMBs) have received fresh guidelines from the Central Bank of Nigeria (CBN) on the deposit of foreign…
The Central Bank of Nigeria (CBN) says it will continue to implement more policies to tackle cybersecurity challenges and foster innovation to ensure the stability and integrity of the financial system.
According to the auction result by the Debt Management Office (DMO), the auction attracted significant investor interest, with the total subscription amounting to N773.98 billion, far surpassing the total offer of N228.72 billion.