CBN Pays $2.062bn Additional FX Forwards with Banks, Disburses $61.64m to Foreign Airlines
The Central Bank of Nigeria (CBN) yesterday announced that it had disbursed about $61.64 million to foreign airlines through various…
Tag: CBN
CBN Suspends Charges on Cash Deposits above N500k
In a move aimed at providing temporary relief to bank customers and easing cash crunch, the Central Bank of Nigeria…
Cardoso Approves New CBN Service Charter
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday approved the reviewed Service Charter of the…
Naira Depreciates by 80.81% YoY Amid CBN FX Unification
Following the unification of foreign exchange (FX), by the Central Bank of Nigeria (CBN), the value of naira against the…
Respite Seen for Naira as CBN Intensifies Settlement of FX Backlogs
The Central Bank of Nigeria (CBN) has intensified its clearance of backlogs of foreign exchange (FX) forwards, raising hope for…
Breaking: Court grants ex-CBN Gov, Emefiele bail
An Abuja High Court sitting at Maitama, on Wednesday, granted bail to the detained Governor of the Central Bank of…
Fitch: Nigeria’s Credit Rating Stable, Predicts Inflation at Below 21%
*Forecasts oil production to reach 1.8m bpd by 2024 *Cardoso vows to change central banking narrative *Declares…
CBN Moves to Restore Investor Confidence, Begins Clearance of FX Forward Backlogs
*Targets to settle outstanding forward contracts next week *Naira appreciates to N1,125/$ on parallel market *Allays fears of currency…
Senate comes up with bill to reposition CBN
Wunmi Semudara The National Assembly House of Senate has put forward a bill to stop the Governor of the Central…
$3Billion emergency loan will stabilise naira
Omowunmi Semudara About $3bn emergency loan-for-crude oil is set to be deployed to stabilise the naira, whose value has continued…