The Central Bank of Nigeria (CBN) has announced the suspension of requests for the extension of export proceeds repatriation on behalf of exporters, in a move aimed at ensuring stricter compliance ...

The Naira depreciated by 41% and 26% against the dollar in the official and parallel foreign exchange markets, respectively, to end 2024, despite interventions from the Central Bank of Nigeria.

In apparent reflection of liquidity constraints in the interbank money market, banks’ borrowing from the Central Bank of Nigeria, CBN, rose by 261.3 percent year-on-year (YoY ...

At the Annual Bankers’ Dinner in November 2023 where the CBN Governor, Olayemi Cardoso, officially announced the compulsory recapitalisation of the banks, he said it is aimed to enhance banks’ ...

Nigeria’s foreign reserves hit a three-year high of $40.2 billion in 2024, but the naira saw instability for much of the year, with the Central Bank of Nigeria (CBN) tweaking policies to stabilise the ...

ABS-CBN announced its exciting mix of must-watch action-packed, mystery, and rom-com series, a Valentine’s-Day movie, as well as world-class concerts for 2025—all featuring the country’s biggest stars ...

This marked the second approval from the CBN in days on the first tranche of capital-raising exercise of banks this year. It was revealed that the offer was oversubscribed by 33 per cent ...

The Central Bank of Nigeria (CBN) has raised concerns about the ageing pipeline infrastructure and operational inefficiencies, identifying them as key factors responsible for the decline in oil ...

The Central Bank of Nigeria has attributed the significant decline in oil revenue for the third quarter of 2024 to ageing pipeline infrastructure and operational inefficiencies. According to the ...