CBN

Naira crashes after CBN’s fifth interest rate hike to 27.25%

Naira crashes after CBN’s fifth interest rate hike to 27.25%

The naira experienced a significant decline against the dollar in the foreign exchange market following the Central Bank of Nigeria's…

3 months ago

CBN appoints new chairman, board of directors for Keystone Bank

The Central Bank of Nigeria (CBN) has approved a new chairman and board of directors for Keystone Bank as part…

3 months ago

Nigeria’s external reserves face downside risk due to subsidy removal – CBN

The Central Bank of Nigeria (CBN) has warned that the removal of fuel subsidies, coupled with lower import bills and…

3 months ago

CBN approves $20,000 allocation to eligible BDC operators at N1,580 rate

The Central Bank of Nigeria (CBN) has authorized the sale of $20,000 to each Bureau De Change (BDC) operator at…

4 months ago

Full list of 4,173 Bureau De Change operational licenses revoked by CBN

On Friday, the Central Bank of Nigeria (CBN) took the decisive step of revoking the licenses of 4,173 Bureaux De…

10 months ago

CBN revokes licenses of 4,173 Bureaux De Change

The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change Operators, alleging that these institutions…

10 months ago

CBN bites harder, revokes licenses of 4,173 Bureau De Change Operators

The Central Bank of Nigeria (CBN) has taken the decisive step of revoking the licenses of 4,173 Bureau De Change…

10 months ago

CBN directs banks to sell excess dollar reserves within 24 hours for exchange rate stability

In its latest efforts to stabilize the nation's volatile exchange rate, the Central Bank of Nigeria (CBN) has directed Deposit…

11 months ago

CBN set to take legal action against forex defaulters

The Central Bank of Nigeria has said it is set to prosecute forex defaulters in the country. The CBN Acting…

11 months ago