CBN - Central Bank Of Nigeria
Despite scarcity, bank customers withdrew N364bn cash in one month
Despite FG's attempt to encourage cashless transactions, a new report from CBN shows that cash withdrawals from banks are increasing, with over N364bn in one month.
CBN finally addresses Nigerians on containing inflation, gives solution to increasing food prices
CBN governor said the decision to put the Electronic Foreign Exchange Matching System in place stems from its realization that central banking depends on confidence.
Access, UBA, Zenith, other banks give notice of early closure, offer alternative transaction options
Nigerian banks and have notified their customers of early closures as the Nigerian government declared Wednesday, January 1, 2025 as a public holiday
First Bank reportedly sacks 100 senior staff in major shakeup after name change
First Bank has reportedly laid off about 100 senior staff members in a major restructuring after embarking on a new name change at its last General Meeting.
CBN releases latest Customs exchange rate for importers to clear goods
The Central Bank of Nigeria has released a new exchange rate to clear goods at the nations ports and airports as the naira falls against US dollar.
Naira to end 2024 on new Note as traders, currency dealers sell dollar at new rates
The Nigerian naira traded negatively in the Electronic Foreign Exchange Market System (EFEMS) on Monday, December 30, 2024, despite FX reserves growth.
CPPE releases projections for 2025, inflation, energy cost, naira
The Centre for the Promotion of Private Enterprise (CPPE) has provided insights into what Nigerians and businesses should expect in the new year, 2025.
Auditor General accuses CBN of misusing N2.7 trillion Ways And Means interests
The Nigerian government, via the Office of the Auditor General, has accused the Central Bank of Nigeria (CBN) of misusing N1.7 trillion Ways and Means interests.
Expert predicts naira stability in 2025, lists factors to drive growth
After stabilizing in the official foreign exchange (FX) market from July to December 2024, the naira-dollar exchange rate is anticipated to stay steady until 2025.
CBN - Central Bank Of Nigeria
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