Nigeria’s Foreign Reserves Hit $39.12bn
The Nigerian foreign reserves has risen to US$39.12 billion, representing 12.74 per cent as of October 11, 2024 (last week ...
Tag: Central Bank of Nigeria (CBN)
Naira Sinks To Record Low At N1,700 To $1 As Gap Widens
The value of the Naira hit an unprecedented low, closing at N1,700 to one US dollar in the parallel market ...
CBN, BOI, DBN Commit To Bridging N294bn Funding Gap For Women Entrepreneurs
The Central Bank of Nigeria (CBN), Bank of Industry (BOI), and Development Bank of Nigeria (DBN) have collectively pledged their ...
CBN Reassures Of Depositors Funds’ Safety In Banks
The Central Bank of Nigeria (CBN) has reassured of its commitment to ensuring the stability and reliability of the Nigerian ...
CBN Sells $543.5m Forex To Authorised Dealers In 11 Days
The Central Bank of Nigeria (CBN) sold a total of $543.5 million from September 6 to 30, 2024, to authorized ...
Low Purchasing Power, Inflation: Nigerians Borrow N7.5trn As Personal Loans
Nigerians have borrowed a staggering N7.5 trillion as personal loans amid rising inflation and declining purchasing power. According to the ...
Ways & Means: Provide Actual Figures, Experts Tell CBN
Financial experts and civil rights activists have called on the Central Bank of Nigeria (CBN) and the Ministry of Finance ...
Naira Slides To N1,685/$, N1705/$ In Lagos, Abuja
The value of the naira yesterday weakened further at the parallel market despite the supply of dollars by the Central ...
CBN Sells $20,000 To Each BDC At N1,590/$ To Meet Retail Demand
The Central Bank of Nigeria (CBN) has announced the provision of additional liquidity to the Bureau De Change (BDC) segment ...
CBN Threatens Sanctions Against Banks Failing To Dispense Cash Through ATMs
The Central Bank of Nigeria (CBN) has announced plans to penalise banks that do not dispense cash through their Automated ...