CBN
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Business
Naira weakens at parallel market, rises at official
The naira strengthened at the official window on Monday, after the Central Bank of Nigeria Governor, Olayemi Cardoso, reassured that…
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Business
Cardoso: We Inherited $7 Billion FX Backlog, Anticipates Clearing $2 Billion Balance Soon
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the country will soon be free of its $7…
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Business
CBN Clarifies: No Intention to Convert Funds in Domiciliary Accounts to Naira
Nigeria’s central bank has said there was no plan to convert the funds in domiciliary accounts to naira. Media reports…
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Business
CBN Takes Action Against Banks for Withholding $5 Billion Amidst Naira Depreciation
The Central Bank of Nigeria (CBN) hit the nail on the head yesterday. It accused commercial banks of hoarding over…
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Business
CBN Directs Banks to Sell Excess Dollars Within 24 Hours
Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money…
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Business
CBN Warns FX Dealers Against Manipulation as Naira Slides to N1,500
Amid sustained slide of naira, which currently trades around N1,500 in exchange to a dollar, the Central Bank of Nigeria…
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Business
1,500 CBN Staff Redeployed, Commence Work at Lagos Office
At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office…
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