Tag: Central Bank of Nigeria
We Expect Diaspora Remittances To Hit ₦31.787tr – CBN
The Central Bank of Nigeria (CBN) has projected that diaspora remittances are expected to rise to ₦31.7871 trillion when fourth-quarter 2024 figures are released.
The...
CBN Boss Reveals How Outstanding $7bn FX Was Cleared By Tinubu’s...
Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced that the President Bola Tinubu-led Federal Government has cleared the outstanding $7bn foreign exchange...
Union Bank Announces Commencement Of PoS Withdrawal Limit
Foremost financial institution, Union Bank has commenced the implementation of a daily withdrawal limit on point-of-sale (PoS) terminals.
The implementation followed a directive by the...
CBN Reveals How Nigeria’s Current Account Surplus Hit $6b
Nigeria recorded a $6 billion current account surplus in the first half of 2024 as impact of several economic reforms begin to pay off,...
World Bank To CBN: It’s Imperative For You To Sustain Inflation...
The World Bank Group has said that the Central Bank of Nigeria must stay the course in its attempt to tackle inflation.
This was revealed...
CBN Pushes For Businesses To Embrace Export To Shore-Up Naira
The Central Bank of Nigeria has advised businesses to embrace exporting activities in a bid to harness value from the weak state of the...
ATM Cash Hoarding: CBN Fines Nine Banks ₦1.35bn
The Central Bank of Nigeria (CBN) has imposed fines totaling ₦1.35 billion on nine Deposit Money Banks (DMBs) for failing to ensure adequate availability...
Report Says Inflation May Drop In Nigeria To 27% By December
Nigeria’s inflation rate is projected to decline to 27.1 per cent by December 2025, according to the latest NESG-Stanbic IBTC Business Confidence Monitor report.
This...
CBN Denies Forcing 1,000 Disengaged Staff To Leave
The Central Bank of Nigeria has again clarified that the 1,000 staff members who were disengaged in December 2024 were not forced to quit...
How Naira Tumbled 41% In 2024 Despite CBN’s Forex Reforms
The official exchange rate between the naira and the United States dollar ended in 2024 at ₦1,535/$, an analysis of data from the Central...
