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CBN latest news - Page 11

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Tinubu Approves Nomination Of Cardoso As CBN Governor, 4 Deputies

President Bola Tinubu has approved the nomination of Dr. Olayemi Cardoso as the new Governor of the Central Bank of Nigeria and four others. The appointment, subject to confirmation by the Senate, marks a significant development in Nigeria’s economic landscape. Announcing the

September 15, 2023

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business·News

CBN: Special Investigators Closing In On N7 Trillion Fraud Scandal

In a race against time, a team of special investigators appointed to probe the Central Bank of Nigeria (CBN) and related entities is inching closer to uncovering what could be the largest financial fraud in the country’s history, estimated at over N7

September 13, 2023

News·Technology

Rising Cost: ALTON Seeks Upward Review Of Telcos’ Service Tariffs

Gbenga Adebayo, Chairman of the Association of Licensed Telecoms Companies of Nigeria (ALTON), has called for an upward review of tariff charges for services offered by network providers. Speaking during the Nigeria Telecoms Indigenous Content Expo (NTICE) 2023 which was concluded on

August 25, 2023

Business

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

The Central Bank of Nigeria (CBN) Director of Monetary Policy Department, Hassan Mahmud, said the report by JP Morgan on Nigeria’s foreign reserves is an attempt to mislead the public. Mahmud stated that JP Morgan’s intention could also be to rouse market

August 25, 2023

Naira Ends Week With Marginal Gain Against Dollar

Finance & Economy

Nigeria’s FX Crisis Will Continue Until We Scale Up Production For Export’

The persisting foreign exchange crisis in Nigeria which has seen the naira fall to a record low, especially in recent time, will continue unless the country comes up with an effective strategy to boost production and increase exports, says Pat Utomi, a

August 24, 2023

Forensic Expert Confirms Forgery Of Buhari’s Signature To Withdraw $26m

Business

Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has settled for a plea bargain following the 20-count charges filed against him by the Federal Government. Emefiele was expected to appear in court on Wednesday, however, the suspended bank

August 23, 2023

Insights

How To Check BVN On UBA Platform

Bank Verification Number (BVN) is an identity-based security measure introduced by the Central Bank of Nigeria (CBN) in 2015 to curb fraudulent transactions in the banking system. BVN is an 11-digit number that is unique to each individual but uniformly used across

August 23, 2023

Business

Money Supply In Nigeria Rises By N600bn, Currency In Circulation Drops To N2.59trn

The Central Bank of Nigeria (CBN) has disclosed that the money supply in Nigeria rose by N600 billion or 0.93 per cent to N64.9 trillion in July 2023. According to the financial regulator in its money and credit statistics data, money supply, also

August 22, 2023

Business

CBN To Resume Forex Sales To BDC Operators, Reveals Guidelines For Parallel Operations

The Central Bank of Nigeria (CBN) has lifted the restriction placed on the sale of foreign exchange to the Bureau De Change (BDC) operators under Godwin Emefiele. In a statement released on Friday, the CBN said the BDC operators will operate in

August 18, 2023

Business

CBN Threatens Importers With Sanction After Launching FX Price Verification System

The Central Bank of Nigeria (CBN) has threatened to sanction importers for infraction as regards Form M application, as it launches a foreign exchange (Forex/FX) price verification system. In a statement released by the CBN’s Trade and Exchange Department to all banks

August 18, 2023

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CBN latest news - Page 11

Tinubu Approves Nomination Of Cardoso As CBN Governor, 4 Deputies

CBN: Special Investigators Closing In On N7 Trillion Fraud Scandal

Rising Cost: ALTON Seeks Upward Review Of Telcos’ Service Tariffs

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

Nigeria’s FX Crisis Will Continue Until We Scale Up Production For Export’

Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

How To Check BVN On UBA Platform

Money Supply In Nigeria Rises By N600bn, Currency In Circulation Drops To N2.59trn

CBN To Resume Forex Sales To BDC Operators, Reveals Guidelines For Parallel Operations

CBN Threatens Importers With Sanction After Launching FX Price Verification System

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