Tag: Central Bank of Nigeria
Report Reveals How Banks’ Deposits With CBN Hit N3.42tn
The deposits of banks with the Central Bank of Nigeria hit a weekly high of N3.42tn at the end of last week.
This followed the...
Report Says Nigerians Imported N903bn Food In Three Months
The Central Bank of Nigeria released $689.88m (N903.95bn at the official exchange rate of N1,309/$ as of March 31, 2024) to Nigerians for importing...
Report Confirms How Nigeria’s FX Reserves Hit $34.7bn
Nigeria’s foreign exchange reserves have reached a high of $34.7bn, according to data obtained from the Central Bank of Nigeria’s website on Sunday.
This represents...
CBN’s Data Says Nigeria’s FX Reserves Have Hit $34.14bn
Nigeria’s reserves have continued an upward trajectory, hitting $34.14bn on Friday, having appreciated by 4.06 per cent from $32.74bn on June 3, 2024, data...
Bank Recapitalization: CBN Insists On Enforcement Of Stringent Criteria
The Central Bank of Nigeria (CBN) has informed it will enforce stringent criteria for its ongoing bank recapitalization programme.
It said the strict criteria will...
Breach Of BOFIA 2020: Heritage Bank’s License Revoked By CBN
The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank Plc with immediate effect.
This decision, it said, was to maintain a...
Amendment Of CBN Act Suspended By National Assembly
The National Assembly Committee on Banking, Insurance and other Financial Institutions has decided to pause the amendment process for the bill titled “An Act...
Restructuring Move: CBN Retrenches Over 200 Staff Members
The Central Bank of Nigeria (CBN) has retrenched nearly 200 employees across various departments in a bank-wide restructuring exercise.
The latest round of job cuts...
Why We Updated Bureau De Change Operators’s Rules -CBN
The Central Bank of Nigeria (CBN) has announced new requirements for Bureau de Change (BDC) operators.
These changes, it said, aim to improve the way...
Tinubu To CBN: Suspend Implementation Of Cybersecurity Levy
President Bola Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy and ordered a review.
Tinubu's...
