Tag: Central Bank of Nigeria
CBN Pushes For Businesses To Embrace Export To Shore-Up Naira
The Central Bank of Nigeria has advised businesses to embrace exporting activities in a bid to harness value from the weak state of the...
ATM Cash Hoarding: CBN Fines Nine Banks ₦1.35bn
The Central Bank of Nigeria (CBN) has imposed fines totaling ₦1.35 billion on nine Deposit Money Banks (DMBs) for failing to ensure adequate availability...
Report Says Inflation May Drop In Nigeria To 27% By December
Nigeria’s inflation rate is projected to decline to 27.1 per cent by December 2025, according to the latest NESG-Stanbic IBTC Business Confidence Monitor report.
This...
CBN Denies Forcing 1,000 Disengaged Staff To Leave
The Central Bank of Nigeria has again clarified that the 1,000 staff members who were disengaged in December 2024 were not forced to quit...
How Naira Tumbled 41% In 2024 Despite CBN’s Forex Reforms
The official exchange rate between the naira and the United States dollar ended in 2024 at ₦1,535/$, an analysis of data from the Central...
Auditor-General Accuses CBN Of Misappropriating ₦2.7tn Interests On Ways & Means
The Federal Government has accused the Central Bank of Nigeria of misappropriating ₦2.73tn in interest payments from Ways and Means advances, raising serious concerns...
Ageing Pipelines Responsible For Oil Revenue Crash – CBN
The Central Bank of Nigeria has attributed the significant decline in oil revenue for the third quarter of 2024 to ageing pipeline infrastructure and...
All Set For CBN’s Whistleblowing Platform To Go Live On January...
The Central Bank of Nigeria has announced the launch of an externally hosted whistleblowing platform set to go live on January 1, 2025.
This initiative...
CBN Explains How Net Forex Inflow Fell To $14bn In Q3
The net foreign exchange inflow to the Nigerian economy in the third quarter of the year decreased by 2.97 per cent to $14.46bn from...
CBN Reveals How Diaspora Remittances Rose By 61%
The Central Bank of Nigeria has revealed that diaspora remittances processed through International Money Transfer Operators reached $4.22bn between January and October 2024.
This figure...
