THE Central Bank of Nigeria, CBN, is estimated to have spent about N2.36 trillion to mop up N18.7 trillion through OMO treasury bills from the interbank money market in 2018.

THE Central Bank of Nigeria, CBN, cash injection into the nation’s foreign exchange market rose by 118 percent to about $48 billion in 2018 from $22 billion in 2017.

The Central Bank of Nigeria (CBN) on Friday made its first intervention in the inter-bank sector of the Foreign Exchange (FOREX) market for 2019 with a sum of 210 million dollars. U.S. stocks rises as dollar slips The CBN Director, Corporate Communications, Isaac Okorafor, said the wholesale sector of the market received 100 million dollars, […]

The MTN saga shook the banking industry like a storm. In August 2018 the Central Bank of Nigeria, CBN, announced sanction of N5.87 billion on four banks namely Standard Chartered Bank Limited, Stanbic IBTC Bank Plc, Diamond Bank Plc  and Citi Bank Nigeria Limited. The banks were accused of authorising remittances of foreign exchange with irregular Certificates of Capital Importation, CCI, issued on behalf of some offshore investors of MTN Nigeria Communications Limited. The CBN, therefore, asked the managements of the banks and MTN Nigeria Communications Limited to immediately refund $8.1 billion illegally repatriated by the company to the coffers of the apex bank.

The Central Bank Of Nigeria (CBN) has announced the deployment of its Consumer Complaint Management System (CCMS) to ease the process of addressing issues.