Tag: Central Bank of Nigeria
CBN Reveals How Debt Servicing Gulped ₦696bn In January
The Federal Government’s precarious fiscal position worsened in January 2025 as debt servicing obligations exceeded total retained revenue by a wide margin, data from...
Relief As NDIC Begins Payment Of ₦46bn To Defunct Heritage Bank...
The Nigeria Deposit Insurance Corporation has started payment of ₦46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank.
This was contained in...
Report Says Currency In Circulation Has Dropped To ₦5tn
The total amount of naira in circulation decreased to ₦5tn as of March 2025, marking a decline from ₦5.04tn recorded in February 2025.
This represents...
CBN To Nigerian Banks: Tighten Your Sanctions Compliance Framework
The Central Bank of Nigeria has issued a fresh regulatory directive to banks, payment service banks, and fintech companies, warning them to tighten their...
World Bank To CBN: $10.50m Approved For You Is A Grant,...
The World Bank has clarified that the planned $10.50m financing to the Central Bank of Nigeria is a grant, not a loan.
According to a...
We Injected $197.71m Into FX Market To Stabilize It – CBN
The Central Bank of Nigeria has injected $197.71m into the foreign exchange market on Friday, April 4, 2025, as part of its commitment to...
CBN’s Report Reveals How Nigeria’s Net FX Reserves Surged To $23.11bn...
Nigeria’s Net Foreign Exchange Reserves rose significantly to $23.11bn at the end of 2024, marking the highest level in over three years, according to...
CBN Reveals How Banks Disburse ₦470bn Personal Loans
The Central Bank of Nigeria has disclosed that Nigerians secured personal loans amounting to ₦470bn from banks in the last three months of 2024.
The...
Nigerian Governors Join CBN, AGF, SBH Against Kasmal In ₦579.1 Bn...
The company of late Prince Buruji Kashamu (Kasmal) may now be in trouble as Attorney Generals of all 36 States of the Federation have...
As Naira Slides, CBN Plans Fresh Battle Against Forex Speculators
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank remains resolute in its commitment to maintaining order in the...
