CBN Clarifies Controversy, Withdraws Policy Document The Central Bank of Nigeria (CBN) has made some clarifications regarding the Monetary, Credit, Foreign Trade, And Exchange Policy Guidelines For Fiscal Years 2024 – 2025 document published on Tuesday, September 17, 2024. It disclosed this in a new statement...

CBN Allocates $2.9bn to Oil Sector The Central Bank of Nigeria (CBN) has released a total sum of $2.97bn to oil sector players for the importation of petroleum products and other related items into the country. The amount released between 2022 and the first quarter of...

CBN Pegs Fresh Cybercrime Levy at 0.005%  The Central Bank of Nigeria (CBN) has announced that it will continue enforcing the controversial cybercrime levy at 0.005% on all electronic transactions under its new guidelines for the 2024-2025 fiscal year. This levy, which has sparked debate among...

CBN Maintains 5% Ways and Means Advance Despite N’Assembly Bill The Central Bank of Nigeria (CBN) has maintained its Ways and Means Advances to the federal government at a 5 per cent limit for the fiscal years 2024-2025, despite a bill passed by the National...

External Reserves Record $424.68 million Increase Nigeria’s external reserves recorded an increase of $424.68 million between August 30 and September 10, highlighting an improved financial outlook for the country. Data sourced from a report by the Central Bank of Nigeria (CBN) and analysed on Thursday showed...

CBN Loans N3tn to Banks in One Week – Afrinvest Nigerian banks and discount houses borrowed N3tn from the Central Bank of Nigeria through the Standing Lending Facility within a week, according to a report by Afrinvest Research. The lenders and discount houses, however, deposited N493.6bn...