Despite Border Reopening, Trade Deficit Springs To $2.51bn
Nigeria’s trade deficit rose from $1.69bn in December 2020 to $2.51bn as of the end of January 2021 despite the ...
Tag: Central Bank of NIgeria
CBN Urges Microfinance Banks to Drive Financial Inclusion
The Central Bank of Nigeria and financial sector experts have called for collaborative efforts among microfinance banks to promote the ...
CBN Removes New First Bank Directors
The Central Bank of Nigeria, as part of its regulatory duties, fired the entire members of the board of First ...
CBN Kicks as First Bank Appoints New MD Without Approval
Nigeria's apex bank has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the ...
CBN Pumps $1.47bn Into Forex Market
Nigeria's Central Bank pumped $1.47bn into the foreign exchange sector of the market to help stabilise the naira in January. ...
CBN Approves 10 Additional Foreign Fund Transfer Operators
In its bid to boost cash transfers from the diaspora, the Central Bank of Nigeria (CBN) has granted operating licences ...
Nigeria’s External Reserves Grow by $409m
Nigeria's external reserves returned to a growth path as it gained $409m in two weeks, data from the Central Bank ...
SEC, CBN Moves to Reverse Crypto Ban
The Securities and Exchange Commission (SEC), says it is working with the Central Bank of Nigeria to understand better and ...
Despite Rising Inflation, CBN Retains Benchmark Lending Rate at 11.5%
Despite the lingering inflation, the Central Bank of Nigeria (CBN) is pegging the benchmark lending policy rate at 11.5 per ...
We Supplied $2.58bn to Lagos Bureau de Change in 2019, Says CBN
The Central Bank of Nigeria (CBN) has on Wednesday revealed that supplied $2.58bn to Bureau de Change in Lagos for ...
