I&E Forex Inflow Plunges By 58.1% To $1.2bn
Foreign exchange inflows into the Nigerian Autonomous Foreign Exchange Market (NAFEM) receded last week as the value of the naira ...
Wednesday, March 11, 2026
Tag: CBN
CBN Enforces Electronic-only Policy, Halts Cash Payments For Foreign Travel
The Central Bank of Nigeria (CBN) has announced a significant policy change, directing all authorised dealer banks to discontinue the ...
House Probes NCAT’s Helicopter Sale At 80% Discount
The House of Representatives has commenced an investigation into the sale of two training helicopters by the Nigeria College of ...
Atiku Criticizes Tinubu’s FX Policy, Calls for Sound Solutions
Former Vice President of Nigeria, Atiku Abubakar, has voiced strong criticism against President Bola Tinubu's foreign exchange (FX) policy, denouncing ...
Emefiele’s Policies Responsible For Current Hardship – Akpabio
Senate President, Godswill Akpabio, has attributed the ongoing hardship in Nigeria to certain monetary policies and actions implemented by the ...
CBN Stops IOCs From Remitting 100% Of Forex Proceeds Abroad
The Central Bank of Nigeria (CBN) has implemented a new policy prohibiting international oil companies (IOCs) operating in Nigeria from ...
CBN Raises Exchange Rate For Cargo Clearance To N1515.09/$
In a move to align with prevailing market conditions, the Central Bank of Nigeria (CBN) has adjusted the exchange rate ...
FIRS, CBN, Works Ministry To Review N2.59trn Tax Credit Scheme
The Federal Inland Revenue Service (FIRS) is set to convene with the Central Bank of Nigeria (CBN) and the Ministry ...
CBN Sells Dollars To Banks After 5-Month Hiatus
The Central Bank of Nigeria (CBN) has taken a significant step toward stabilizing the naira by selling approximately $90 million ...
NDIC, CBN Commence Intense Surveillance of Banking System
The Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) have launched a comprehensive supervision effort to ...
