CBN

Nigeria’s foreign exchange (forex) reserves crossed a new threshold at the weekend. It rode on the back of a sustained 10-week accretion to $40.08 billion – the highest in nearly three years. Data from the Central Bank of Nigeria…

The presidency says President Bola Tinubu did not ask Yemi Cardoso, governor of the Central Bank of Nigeria (CBN), to resign. According to a report on Tuesday, the president reportedly asked Cardoso to resign from his position owing to…

The Central Bank of Nigeria (CBN) has approved the sale of dollars to bureau de change (BDC) operators at N1,580/$. In a circular signed by W.J Kanya, acting director, trade and exchange department, on Friday, each BDC can get foreign…

The CBN has allowed next-of-kin, legal representatives, or beneficial owners to claim unclaimed balances in dormant accounts The CBN clarified this in a report released over the weekend. It stated that next-of-kin can now claim unclaimed…

The Central Bank of Nigeria (CBN) yesterday resumed dollar sales to Bureaux De Change (BDC) operators with a planned disbursement of $20,000 to each licensee. The forex injection, it said, is expected to curb forex distortions, boost…

The Central Bank of Nigeria (CBN) has retrenched approximately 200 employees across various departments in a bank-wide restructuring exercise. This latest round of job cuts impacted several departments including: Human Resources;…

The Central Bank of Nigeria, CBN has withdrawn the circular directing banks and other financial institutions to implement the 0.5 per cent cyber security levy. The withdrawal of the circular was announced via a statement signed by Haruna…

The Economic and Financial Crimes Commission (EFCC), on Wednesday, arraigned a former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele for approving the printing of N684.5m at the rate of N18.96bn. Emefiele pleaded not…

The Central Bank of Nigeria (CBN) has relaxed its initial restriction on the repatriation of forex proceeds by international oil firms operating in the country. In a circular dated May 6, 2024 signed by the Director, Trade and Exchange…

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun said President Bola Tinubu’s government has not borrowed money from the Central Bank of Nigeria, CBN. Edun stated this while addressing newsmen after a meeting…