Forex Crisis: In Six Months, Foreign Airlines Repatriate N795.5bn From Nigeria Foreign airlines repatriated N795.5 billion from Nigeria in six months, according to data from the Central Bank of Nigeria. Data from Nigeria’s apex bank Balance of Payment compilation disclosed that airlines withdrew $1.76 billion (converted...

New CBN Withdrawal Limit Policy Will Harness Growth, Development - NIPC The Nigerian Investment Promotion Commission (NIPC) has applauded the Central Bank of Nigeria (CBN), over its recent policy on cash withdrawal limit. Recall that the apex bank, on Tuesday, announced a limit on cash withdrawals...

CBN Governor Reportedly Withdraws From 2023 Presidential Race The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has reportedly jettisoned his 2023 presidential ambition. Report has it that Emefiele has decided to withdraw from the presidential race and has intended to continue as the...

Apex Bank To Auction N89.5bn Treasury Bills This Week   The Central Bank of Nigeria is set to conduct a primary market auction on Wednesday to roll over N89.5bn worth of Treasury bills maturing on Thursday, across the 91-day (N5bn), 182-day (N14bn) and 364-day (N70.5bn) tenors. The...

CBN Assures of Liquidity in Forex Supply The Central Bank of Nigeria (CBN) has assured of its continued intervention in the inter-bank Foreign Exchange market in order to sustain liquidity and stability in the sector. The Acting Director, Corporate Communications Department at the Bank, Mr. Isaac...