FOREX: Naira Depreciates 41% In 2024 Against CBN’s Policies
The official exchange rate between the naira and the United States dollar ended in 2024 at N1,535/$, an analysis of ...
Tag: CBN
How CBN Skimmed N2.7tn Interests On Ways And Means – Auditor-General
The Federal Government has accused the Central Bank of Nigeria of misappropriating N2.73tn in interest payments from Ways and Means ...
UNVERIFIED POS OPERATORS: Reps to Summon CBN, Banks
The House of Representatives on Wednesday resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and ...
CBN Extends BDCs Recapitalisation Deadline From December 3, 2024 to June 2025
The Central Bank of Nigeria (CBN) has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators from ...
CBN FRESH CAPITAL REQUIREMENTS: UBA to Raise N239bn
United Bank for Africa (UBA) Plc has issued 6,839,884,274 ordinary shares of 50 kobo each at N35 per share in ...
Wema Bank Releases Q3 2024 Unaudited Results… Reports Profit Before Tax of ₦60.62billion, a 174% YonY Growth .
Wema Bank Nigeria (“Wema” or “the Bank”) has released its unaudited Consolidated Financial Statements for the period ended September 30th ...
Stop ad-hoc FX auctions, World Bank Urges CBN
The Central Bank of Nigeria (CBN) has been urged to refrain from intervening in the foreign exchange market through forex ...
IMF Urges Structural Reforms to Improve Nigeria’s Economy
The International Monetary Fund (IMF) has asked Nigerian authorities to embark on structural reforms to improve the nation’s economic outlook. ...
CBN Clears Air on Old Naira Notes
The Central Bank of Nigeria (CBN) has clarified that the old series of N200, N500, and N1,000 banknotes will remain ...
NAIRA: Reps Urges CBN to Withdraw Old Notes, Circulate New Ones
The House of Representatives, on Thursday, urged the Central Bank of Nigeria (CBN) to commence the gradual withdrawal of old ...
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