The Bank ultimately awarded N1.3 trillion in T-Bills at an interest rate of 21.49 percent. These funds will be used by the CBN to intervene in the forex market, buying dollars and selling Naira.
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The Central Bank of Nigeria (CBN) reported a significant increase in foreign exchange inflow into the economy in February. Acting…
A crypto investigator Obinna Iwuno says traders on the cryptocurrency trading website Binance, which is accused of allowing $26 billion…
The International Monetary Fund (IMF), says addressing food insecurity should be the immediate priority for the Nigerian government. The IMF…
The Central Bank of Nigeria (CBN’s) N1.053 trillion ($680 million) in short-term instruments were successfully concluded with investors over subscribing…
The ongoing linkages of banks’ customers’ National Identification Numbers (NINs) to their Bank Verification Numbers (BVNs), may affect 85.51 million customers’ ability to make withdraws from their accounts by March 1, 2024.
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureau De Change (BDC) operators.
A cryptocurrency platform, Binance Nigeria allowed the passage of $26 billion in illicit flows in 2023, the Central Bank of Nigeria (CBN) governor, Yemi Cardoso has disclosed.
A Financial Expert, Prof. Uche Uwaleke, says it is an “overkill’’ to increase the country’s Monetary Policy Rate (MPR) to…
The stock market witnessed a second consecutive day of decline on Tuesday, dropping by 1.38% in response to the outcome…