CBN - Central Bank Of Nigeria
First Bank Holdings proposes new name after upgrading banking platforms
FBN Holdings Plc, the parent company of First Bank, has proposed a new name at its upcoming Annual General Meeting (AGM), which shareholders are expected to approve.
Naira may rank as worst currency globally as pressure mounts in parallel market at N1,740 per dollar
The Nigerian naira has depreciated to N1,740 per dollar in the parallel market, which may make it the worst-performing currency globally by year-end.
CBN engages IMTOs to raise remittance inflows to $1 billion
The Central Bank of Nigeria says it has teamed up with leading international money transfer operators to boost remittance inflows to $1bn through official channels.
Cardoso says consultations ongoing to remove Nigeria from money laundering watchlist
The CBN said it has been in the process of consulting and negotiating to have Nigeria taken off the Financial Action Task Force's gray list since February 2023.
Relief for customers as GTBank opens all branches weekend, sets closing time
Guaranty Trust Bank has announced that all branches will be open on Saturday and Sunday as a way of offering support to customers affected by the system upgrade
New exchange rates as Naira gains against dollar, euro, pound sterling in official market
The naira recorded a strong performance against the US dollar, pound, and euro in the Nigerian Autonomous Foreign Exchange Market but lost value in the black market.
Banks, dealers adjust exchange rates as dollar crashes in official window, FX reserves rise
The Nigerian currency, the naira, appreciated against the US dollar by N49 in the official and depreciated in the parallel window to N1,739 as FX reserves rose.
“Something much bigger”: Analysts give simple conditions to ending FX challenges, inflation
Nigeria has reportedly witnessed little to no decrease in inflation, and the MPC would need to make a significant rate change according to a Bloomberg article.
Good news for naira as dollar inflows hit $57 billion monthly amid reserve increase
The Central Bank of Nigeria (CBN) has disclosed that foreign exchange inflows into the Nigerian economy hit $57bn in August, exceeding the previous year's record
CBN - Central Bank Of Nigeria
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