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...

How External Debt Servicing Gulped $3.07bn in 10 Months – CBN Latest data obtained from the Central Bank of Nigeria (CBN) has revealed that Nigeria spent about $3.07 billion towards servicing external debt. This represents a 38 per cent increase, higher than the $2.22 billion spent...

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...

Currency Outside Banks Surges To N3trn - CBN   Recent data released by the Central Bank of Nigeria (CBN) has revealed a notable spike in currency outside the banks during the month of November 2023, reaching unprecedented levels based on historical records. According to the Money and...