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CBN latest news - Page 2

Banks’ Recapitalisation Will Strengthen Nigeria’s Economy – UBA GMD

Group Managing Director of United Bank for Africa PLC, Mr Oliver Alawuba, has underscored the critical role of banks’ recapitalisation in strengthening Nigeria’s economy. Prime Business Africa recalls that the Central Bank of Nigeria (CBN) had in March ending, directed all banks

May 21, 2024

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

Opinion

Economic Challenges, CBN And Reconstruction Policies

Economic reconstruction is defined as "a process for creating a proactive vision of economic change.’’ The need for economic reconstruction arises from the existing fundamental problems

April 18, 2024

Anambra APC Chieftain, Nze Duru, Hails Ejidike-Led Exco

News

Forex Backlogs: APC Chieftain, Nze Duru, Calls On CBN To Investigate Foreign Airlines’ Claim Of Unpaid $700m

Nze Duru, has called on President Bola Tinubu and the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, to intervene and order a thorough investigation into the circumstances surrounding settlement of unpaid foreign exchange (forex) claims to foreign airlines in Nigeria.

March 24, 2024

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Business·Finance & Economy

How CBN’s New Monetary Policy Rate Will Affect Businesses In Nigeria – Economic Experts

Economic experts have raised concerns about the implications of the decision of the Central Bank of Nigeria (CBN) to further tighten monetary policy on businesses in the country.

February 28, 2024

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

Business·Currency

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

Central Bank of Nigeria (CBN) has set the bar high for International Money Transfer Operators (IMTOs) with a fixed minimum share capital requirement of $1 million.

February 3, 2024

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

Business·Finance & Economy·News

How Currency In Circulation Surged By N890bn In 3 Months Under Cardoso

Nigeria has witnessed a surge in currency in circulation (CIC), with an increase of N890 billion within the short span of three months under the leadership of Governor Cardoso at the Central Bank of Nigeria (CBN). The latest money and credit statistics

February 2, 2024

Business·News

CBN Orders Banks To Sell Excess Dollars In 24hrs

The Central Bank of Nigeria (CBN) has issued a circular instructing Deposit Money Banks to sell off excess dollar stocks by February 1, 2024. The directive comes as part of a broader effort to curb the growing trend of commercial banks holding

February 1, 2024

Business

Relocation Of Some CBN Units To Lagos Will Ensure Efficient Oversight Of Banks – Economist

As reactions continue to trail the decision of the Central Bank of Nigeria (CBN) to relocate some of its departments from Abuja to Lagos, some economic experts have averred that it is a step in the right direction aimed at ensuring effective

January 31, 2024

Business

CBN, Foreign Airlines Differ On $700m Trapped Fund

The Central Bank of Nigeria (CBN) declared on Tuesday that it had settled all verified claims by foreign airlines, culminating in an additional payment of $64.44 million

January 31, 2024

News

Over 1,500 CBN Staff Will Relocate To Lagos February 2

1,500 Central Bank of Nigeria (CBN) staff members are set to resume work at its Lagos office this Friday after being redeployed from the headquarters, according to a source.

January 30, 2024

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CBN latest news - Page 2

Banks’ Recapitalisation Will Strengthen Nigeria’s Economy – UBA GMD

Economic Challenges, CBN And Reconstruction Policies

Forex Backlogs: APC Chieftain, Nze Duru, Calls On CBN To Investigate Foreign Airlines’ Claim Of Unpaid $700m

How CBN’s New Monetary Policy Rate Will Affect Businesses In Nigeria – Economic Experts

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

How Currency In Circulation Surged By N890bn In 3 Months Under Cardoso

CBN Orders Banks To Sell Excess Dollars In 24hrs

Relocation Of Some CBN Units To Lagos Will Ensure Efficient Oversight Of Banks – Economist

CBN, Foreign Airlines Differ On $700m Trapped Fund

Over 1,500 CBN Staff Will Relocate To Lagos February 2

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