The Central Bank of Nigeria (CBN) on Monday said it has released US$500 million to various sectors to further address the backlog of verified foreign exchange transactions. The Acting Director…
Read More CBN releases $500m to clear more verified FX liabilities backlog
The presidency has explained why FAAN headquarters and some departments of the Central Bank of Nigeria are being relocated to Lagos from Abuja. Bayo Onanuga, special adviser on information and…
Read More Why we’re relocating FAAN headquarters, CBN to Lagos – Presidency
Our reporter/ The Central Bank of Nigeria (CBN) on Wednesday said an independent forensic review of the foreign exchange (FX) backlog revealed “grave infractions, gross abuse and noncompliance” with market…
Read More CBN uncovers gross abuse in FX market regulations, to punish offenders
Our reporter/ Hours after Wednesday’s dissolution of the Board and Management of Union Bank, Keystone Bank and Polaris Bank, the Central Bank of Nigeria (CBN), the Central Bank of Nigeria…
Read More CBN appoints new executives for Union, Polaris, Keystone Banks
In fulfilment of its commitment to eliminate the backlog of pending matured foreign exchange in Deposit Money Banks (DMBs), the Central Bank of Nigeria (CBN) has recently disbursed approximately US…
Read More CBN settles additional FX forwards with Banks
