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
The Central Bank of Nigeria (CBN) has assured depositors of the safety of their funds in Nigerian banks, reiterating the health of deposit money banks in the country. The apex…
Read More CBN assures depositors of safety of funds in banks
Our reporter/ Nigeria’s inflation rate and the pressures on the exchange rate will reduce in the coming year, Yemi Cardoso, the governor of Central Bank of Nigeria (CBN) has said.…
Read More CBN says Nigeria’s inflation to fall, pressures on exchange rate to abate in 2024
Our reporter/ The Central Bank of Nigeria (CBN) on Monday suspended the processing fees on cash deposits above N500,000 until April 2024. In a circular signed by Adetona Adedeji, its acting…
Read More CBN suspends charges on cash deposits above N500k
Amidst complaints by some Nigerians about the scarcity of naira notes, the Central Bank of Nigeria (CBN) says there is an adequate supply of the currency. This follows complaints by some…
Read More CBN insists there’s sufficient stock of naira notes as complaints about scarcity persist
