CBN sells $543.5 million to banks to reduce forex market volatility
CBN sold $543.5 million to authorised banks to curb volatility in the forex market, with new systems introduced to improve ...
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Tag: CBN
CBN directs PoS transactions to route through licensed aggregators
The Central Bank of Nigeria (CBN) has directed that all Point of Sale (PoS) transactions must be routed through licensed ...
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CBN disqualifies Stanbic Bank, others in $279 million rDAS auction over compliance Issues
The Central Bank of Nigeria (CBN) disqualified six Nigerian banks in its latest Retail Dutch Auction System (rDAS) on 6 ...
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Public discontent grows as NDIC faces criticism over Heritage Bank liquidation payouts
The Nigeria Deposit Insurance Corporation (NDIC) is facing mounting criticism from the public following the revocation of Heritage Bank's banking ...
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Net FX flows increase by 55% to $25.4 billion in six months – CBN
The Central Bank of Nigeria has revealed that the net foreign exchange flows into the country increased to $25.4bn in ...
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CBN drops BDC operators in $123m sale
Bureau De Change Operators were excluded in the latest tranche of forex sales by the Central Bank of Nigeria to ...
Read moreDetailsJUST IN: CBN sells $122.671m to 46 authorised dealers
The Central Bank of Nigeria has commenced sales of forex to Bureau De Change operators after a four-month hiatus, Freelanews ...
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Investigator reveals former CBN governor Emefiele’s denial in $6.2 million theft case
An investigator involved in the case of $6,230,000 allegedly stolen from the Central Bank of Nigeria (CBN) on February 8, ...
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Breaking: CBN revokes Heritage bank’s license over financial instability
The Central Bank of Nigeria (CBN) has revoked the banking license of Heritage Bank Plc, effective immediately, citing the bank's ...
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Food imports hit N3tn over flooding, insecurity – CBN
The Central Bank of Nigeria released a total sum of $2.13bn to Nigerians for importing food products in 2023, Findings ...
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