Senate Summons Cardoso over Naira Free Fall The Senate has summoned the Governor of Central Bank of Nigeria, Olayemi Cardoso, to appear before it on Tuesday next week for questioning. The Committee on Banking, Insurance and Other Financial Institutions issued the order to answer questions on...

Sell Excess Dollars in 24 Hours - CBN to Banks The Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest February 1, 2024, amid its fresh moves to stabilise the exchange rate. The CBN, which made the disclosure in...

NNPCL, FG to Remit Dollar Revenue to CBN to Boost FX, Says Cardoso The Nigeria National Petroleum Corporation Limited and the Ministry of Finance have agreed to remit all their dollar revenues to the Central Bank of Nigeria, CBN, to boost the nation’s External Reserves...

CBN Projects N900bn to Raise Banks Capital – Report The Central Bank of Nigeria may ask commercial banks with international banking licence to raise their capital base to over N900bn, according to a new report. This came a few months after the Central Bank of Nigeria...

CBN Approves Service Charters to Ease Business Operations  The Governor, Central Bank of Nigeria, Mr Olayemi Cardoso, has approved the CBN’s reviewed Service Charter on ease of doing business. A statement from the CBN on Wednesday revealed that the service charter is a requirement of the...

Currency in Circulation Hit N2.76trn in September 2023 - CBN Latest data released by the Central Bank of Nigeria (CBN) has revealed that the currency in circulation reached N2.76 trillion as of September 2023. This marks a 14.5 per cent year-on-year (y-o-Y) decline from the N3.23...