CBN Releases $500m to Address Verified FX Backlog The Central Bank of Nigeria (CBN) has released US$500 million to various sectors in effort to address the backlog of verified foreign exchange (forex) transactions. This comes barely a week after the Bank paid approximately US $2.0 billion...

CBN “Relocation” and Other Matters, by Okey Ikechukwu   Consider this: (1) The Executive arm of the government of South Africa is in Pretoria, the capital city, while the Parliament is in Cape Town. (2) There is a physical distance of 1,453.2 kilometres between the two...

Naira's Tragic Descent: What is the Way Forward? by Kabir Fagge Ali   The distressing descent of the Naira paints a bleak economic picture for Nigeria. As citizens grapple with the consequences of these interconnected challenges, it becomes imperative to critically examine the root causes, the...

CBN and Relocation Plans: Much Ado About Nothing, by Abdulrahman Abdulraheem   While it is human nature to sometimes quarrel, bicker, shout or hit the roof over what one may have been deceived to think it is worth it but which in reality is just a...

Relocation of CBN Offices to Lagos Best for Nigeria - Sanusi Former Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi has backed the planned relocation of some departments of the apex bank from Abuja to Lagos. He said it was right thing to do,...

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...