Tag: CBN
Kaduna Fair: CBN commits to inclusive growth, price stability
Kaduna , Sept. 18, 2025 (NAN) The Central Bank of Nigeria (CBN) has reaffirmed its commitment to deepening financial inclusion, enhancing price stability, and...
CBN projects 1bn dollar diaspora reserve by 2026, commends banks
Abuja, Sept. 9, 2025 (NAN) The Central Bank of Nigeria (CBN), says the bank is targeting a diaspora reserve of one billion dollars by...
CBN’s early exit package not targeted at Northerners
Kaduna, July 30, 2025 (NAN) The Central Bank of Nigeria (CBN) has reiterated that its Early Exit Package (EEP) implemented in 2024 was entirely...
Ex-CBN Director urges FG to strategically reduce cost of governance
A former Director in the Central Bank of Nigeria (CBN), Dr. Titus Okunrounmu, has advised the Federal Government to strategically reduce the cost of...
CBN approves $20,000 for eligible BDCs at N1,580 exchange rate
The Central Bank of Nigeria (CBN), says it has approved 20,000 dollars each for eligible Bureaux De Change (BDCs) at the rate of N1,580...
Bank customers want standard policy for dormant account
Customers of various banks have called on the Central Bank of Nigeria (CBN) and banks to institute a standard policy on what constitutes a...
CBN records high remittance inflows at $553m for July
The Central Bank of Nigeria (CBN), says it recorded a significant increase in remittance inflows of 553 million dollars in July.
According to a statement...
Transparency: CBN re-introduces publication of key economic reports
The Central Bank of Nigeria (CBN) says it has reintroduced the publication of several key economic reports to foster transparency in the economy.
This is...
CBN offers $876m to fx markets, pledges more liquidity support
The Central Bank of Nigeria (CBN), has offered 876 million dollars to the foreign exchange (fx) markets to fulfil bids submitted by customers at...
CBN adopts Retail Dutch Auction to boost liquidity
The Central Bank of Nigeria (CBN) says it undertook the sale of foreign exchange (Fx) to end users through a Retail Dutch Auction System...
CBN guidelines: Customers throng banks to re-activate dormant accounts
Bank customers have thronged their banks to reactivate their dormant accounts in line with the Central Bank of Nigeria (CBN) guidelines on the management...
CBN sells $148m to authorised dealers
The Central Bank of Nigeria (CBN) says it sold a cumulative amount of 148 million dollars to authorised dealers in the Nigerian Foreign Exchange...
Gov. Alia seeks CBN support to develop agric, mining sectors in...
Gov. Hyacient Alia of Benue has solicited the support of the Central Bank of Nigeria (CBN) to rebuild the State economy, through revolution in...
CBN continues rates tightening, raises interest rate to 26.75%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday raised the country’s baseline interest rate by another 50 basis...
Breaking news: CBN again raises MPR by 50 basis points
The Monetary Policy Committee (MPC), on Tuesday announced another increase in the country’s Monetary Policy Rate (MPR), known as the baseline interest rate, to...
CBN raises interest rate to 27.65%
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark lending rate to 27.65 per cent.
The hike in the Monetary...
CBN implements stricter regulations for dormant accounts, unclaimed funds
The Central Bank of Nigeria (CBN) has implemented stricter regulations for managing dormant accounts and unclaimed financial assets in banks and other financial institutions.
These...
