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...
1,500 Redeployed CBN Employees To Resume Work At Lagos Office Friday
Following their relocation from the Abuja headquarters, at least 1,500 Central Bank of Nigeria (CBN) employees will begin work at the Lagos branch on Friday, February 2.
The departments penciled down for relocation by the...
CBN Reveals Currency Outside Banks Hit Historic High of N3.4trn
A report by the Central Bank of Nigeria (CBN) has revealed that currency outside banks at at December 2023 reached a staggering N3.43 trillion, representing a whopping 94 per cent of the N3.65 trillion total...
Ticket Revenue: CBN, Foreign Airlines Clash Over Unpaid $700m
The Central Bank of Nigeria (CBN) and foreign airlines operating in Nigeria have differed over the total amount of unpaid ticket revenue in the country.
The CBN on Tuesday said it had ‘concluded the payment of all...
Banks’ Loan Portfolio Surged By N20.8trn
Despite the stringent policy measures implemented by the Central Bank of Nigeria (CBN), commercial banks in the country have witnessed a remarkable N20.8trillion Year-on-Year (YoY) growth in their total credit to the private sector, reaching a substantial N62.52 trillion...
