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The Central Bank of Nigeria (CBN) says it has established policies to address the persistent depreciation of the naira. The local currency currently exchanges N440/$1 at...
The Central Bank of Nigeria has announced the completion of the sale of Polaris Bank. The was contained in a statement by the CBN’s Director, Corporate...
The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 14 percent to 15.5...
The Central Bank of Nigeria (CBN) says it injected $7.6 billion into the economy in five months through foreign exchange sales to authorised dealers. The apex...
The Central Bank of Nigeria on Friday, released $265m to airlines operating in the country, to settle outstanding ticket sales to check a brewing crisis in...
The Bureau of Public Enterprises, BPE, and the Central Bank of Nigeria, CBN, has handed down a 6- month deadline to banks which recently took over...
The Nigerian National Petroleum Company Limited (NNPC) remitted a total of N2.7bn into its accounts with the Central Bank of Nigeria (CBN) from January to June...
A bill seeking to bar the governor of the Central Bank of Nigeria (CBN) from getting involved in partisan politics has passed second reading at the...
The Central Bank of Nigeria (CBN) has explained that the statement made by its governor, Mr. Godwin Emefiele, regarding the purchase of dollars with naira during...
The Central Bank of Nigeria (CBN) has threatened to arrest and prosecute Nigerians using naira to buy dollars, noting that it is an illegal practice. Godwin...
