Why we retained interest rate at 27.5% – CBN
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s benchmark interest rate at 27.50 per cent for the second consecutive time in 2025.
CBN expresses commitment to FX Code
The Central Bank of Nigeria, CBN, today expressed its commitment to the Nigerian Foreign Exchange (FX) Code, saying that it has aligned its roles with the principles of the code.
CBN appoints 16 directors to head key dep’ts
The appointments were said to have been made to bolster the apex bank’s operations in a number of policy-driven, regulatory and supervisory capacities.
Customs, CBN strengthen partnership to automate FX transactions on trade
The Nigeria Customs Service (NCS) and the Central Bank of Nigeria (CBN) have reaffirmed their commitment to enhancing trade facilitation and boosting revenue generation through automated foreign exchange (FX) transactions.
CBN’s reforms are attracting more foreign investors, says global, Nigerian analysts
Major financial analysts across the global have expressed optimism that Nigeria’s investment climate has significantly improved, paving way for foreign investors swooping on Nigeria assets.
Alleged $6.3m Fraud: Court defers trial of 3 CBN officials till Nov 3
The Federal High Court sitting in Abuja, on Thursday, fixed November 3 for the arraignment of three staff members of the Central Bank of Nigeria, CBN, that allegedly defrauded the Federal Government to the tune of $6.3million.
CBN and Nigeria’s economic challenges
By ARIZE NWOBU Economy is the life wire of a people and it is about the allocation of scarce resources for production, distribution and consumption for the fulfilment of the needs of the people. And the financial system is the dynamo which drives the economy by allocating investible funds from surplus ends to deficit ends for […]
CBN frustrating Ways and Means probe – Senate
THE Senate has raised the alarm that the Central Bank of Nigeria (CBN) was frustrating its efforts at unravelling how the Ways and Means loans granted to the federal government
CBN directs banks to publish dormant accounts
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to publish the list of dormant accounts, unclaimed balances and other financial assets.
Inflation rate, CBN’s monetary policies, others to drive stock market
AS Nigeria steps up efforts to implement its N54.9 trillion 2025 budget, experts have expressed fears that President Donald Trump’s energy policy, targeted at increasing oil output would impact the $75 per barrel target on which the budget is based, inflation and Diaspora remittances, among others.
CBN falsely claimed Binance made $26bn leave Nigeria – Gambaryan
Gambaryan and his colleague, Nadeem Anjarwalla, were arrested after arriving in Nigeria in February 2024 for discussions with government officials about Binance’s operations.
