CBN Declares $553 Million Remittance Inflows Amid FX Reforms
The Central Bank of Nigeria (CBN) yesterday reported a significant increase in remittance inflows, which peaked at $553 million in…
Tag: CBN
Alleged 5.4bn Shares: CBN, FBN Holdings Ask Court to Dismiss Barbican Capital‘s Suit
The Central Bank of Nigeria (CBN), and FBN Holdings Plc have asked a Federal High Court sitting in Lagos to…
Why CBN Allowed Providus to Take Over Unity Bank
More facts emerged yesterday as to the main reasons behind the Central Bank of Nigeria (CBN)’s decision to back the…
CBN Demands Transaction Evidence on All Divestments, Repatriation of Foreign Investments
The Central Bank of Nigeria (CBN), yesterday clarified that every divestment or repatriation of foreign investment, be it a pre-liquidation…
rDAS: CBN Approves Sale of $876.26m to 26 Banks at N1495/$
The Central Bank of Nigeria (CBN) yesterday confirmed that it sold Foreign Exchange (FX) to end users through a Retail…
Central Bank Approves Providus Banks’ Takeover of Unity Bank
The Central Bank of Nigeria (CBN) yesterday announced it had granted approval for a pivotal financial takeover of Unity Bank…
CBN Moves to Tackle Growing Forex Demand with Retail Dutch Auction System
*Cardoso: Financial policy, cross border movement, others key to AfCFTA success In a bid to address the growing unmet foreign…
CBN Sells $148m to Authorised Dealers
Central Bank of Nigeria (CBN) yesterday, disclosed that it sold a total of $148 million to Authorised Dealers Banks (ADBs)…
MAN, LCCI Lament Continuous Hike in Monetary Policy Rate by CBN
The Manufacturers Association of Nigeria (MAN) and the Lagos Chamber of Commerce and Industry (LCCI) yesterday expressed concern over the…
CBN announce increment in interest rate
The governor of Central Bank of Nigeria, Olayemi Cardoso has announced increment in interest rate to 26.75% from 26.25 per…