Forex Crisis: CBN Debunks Plan To Covert $30bn Deposits To Naira
The Central Bank of Nigeria (CBN) has denied any plan to convert the $30billion deposits in domiciliary bank accounts to ...
Friday, August 29, 2025
Tag: CBN
Atiku Challenges FG’s Directive To Remit Crude Oil Revenue To CBN
Atiku Abubakar, the former presidential candidate of the PDP, has declared the federal government's directive to remit revenue from crude ...
JUST IN: Inflation To Soar As CBN Adjusts ExchangeRate To N1,356.883/$1
Prices of imported goods and services will increase, thereby, fuelling inflation as the Central Bank of Nigeria (CBN), adjusted the ...
CBN Issues Directive On Forex Exposures Amid Shortage
The Central Bank of Nigeria (CBN) has issued a new directive on forex exposures of banks amongst which is lending ...
Depreciation Sparks Concerns Over 2023 Dividends For Companies With Foreign Liabilities
Capital market operators are sounding the alarm as the Nigerian naira experiences a significant free fall, potentially impacting dividend payouts ...
CBN Issues Guidelines To Curb Forex Speculation, Hoarding By Banks
The Central Bank of Nigeria (CBN) has taken a decisive step to address concerns over excessive foreign currency speculation and ...
Naira Records Historic Low At N1,482.57/$1 Despite Central Bank’s Efforts
The Nigerian Naira faced a remarkable descent, reaching a record low of N1,482.57 per dollar on the official market (NAFEM). ...
 CBN Clears $64.44m FX Backlog for Airlines Â
The Central Bank of Nigeria (CBN) has fulfilled its commitment by clearing a $64.44 million backlog of foreign exchange owed ...
Nigeria’s Money Supply Hits All-time High Of N78.74 trn In December 2023Â Â
Nigeria's broad money supply, measured by M3, reached an unprecedented high of N78.74 trillion in December 2023, marking a remarkable ...
CBN Appoints New Executives For Union, Keystone, Polaris Banks
The Central Bank of Nigeria (CBN) has appointed new executives for Keystone, Polaris and Union Banks following the ...
