CBN - Central Bank Of Nigeria
Boost for Naira, investors as Nigeria’s external reserves rise to $37 billion
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has said that Nigeria's foreign reserves experienced a surge of $37.05 billion in July 2024.
Buyers quote new exchange rates for dollar in official, black Market as CBN intervenes
The Nigerian currency, the naira, crashed to N1548.76 per dollar against the US dollar after rising to N1,500 per dollar in the official market after CBN's FX sales.
House of Reps approves FG’s plans to remove N2trn from access, UBA, Zenith, other banks’ accounts
The House of Representatives has passed a bill which gives the federal government power to impose a tax on banks profits from subsidies provided by CBN.
N1,500/$1: Naira bounces back, against dollar as traders quote new exchange rate
The Nigerian currency bounced back after a recent fall in the foreign exchange market against the US dollar, following intervention by the Central Bank of Nigeria.
CBN finally explains what to do with dormant accounts as Nigerian banks, others lose N18bn to fraud
Concerns over the vulnerability of dormant bank accounts to fraudulent activity have been voiced by Olayemi Cardoso, the governor of the Central Bank of Nigeria.
FG names officials to be jailed as UBA, Zenith, others are set to remove N2trn from banks
FG said that bank principal executives who refuse to comply with the one-time windfall tax on banks' foreign currency revenues in 2023 risk being imprisoned.
CBN increases interest rate to borrow money as Access, Zenith, UBA, others get ready to comply
The Central Bank of Nigeria's Monetary Policy Committee (MPC) has adjusted Nigeria's interest rates to 26.75% from 26.25% to control the country rising inflation.
“We see the possibility”: Lagos Chamber of Commerce predicts new dollar exchange rate, gives reason
The Lagos Chamber of Commerce and Industry (LCCI) has predicted a stronger naira against the dollar exchange rate before the end of 2023 and provided reasons.
Naira trades at new rates against pound, euro after crashing against US dollar
The Nigerian currency the naira, traded low against the British and the euro. It also crashed heavily against the US dollar in the official market on Friday, July 19
CBN - Central Bank Of Nigeria
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