CBN, FG to Revisit New Regulation on Bank Customers The National Commissioner of the Nigeria Data Protection Commission, Dr Vincent Olatunji, has disclosed that the commission has formed a joint committee with the Central Bank of Nigeria to review the regulation mandating financial institutions to...

Report: Domestic Transactions Exceed 2022 Figure, Now N1.968trn   The value of domestic transactions on the Nigerian Exchange Limited (NGX) has hit N1968.4bn, year-to-date, which is 1.18 per cent higher than the entire value of transactions by domestic investors for the year 2022, which stood at...

N250bn Gas Expansion Fund Dormant for Four Years, Says NGEP Chair The Chairman of National Gas Expansion Programme (NGEP), Dr. Mohammed Ibrahim, disclosed that the N250bn National Gas Expansion Programme (NGEP) fund has remained dormant in the Central Bank of Nigeria (CBN) in the last...

Currency Swap: CBN Repays 5.10 billion yuan Ahead of Nigeria-China Renewal Deal The Central Bank of Nigeria (CBN) says it has repaid 5.10 billion Chinese yuan (CNY) out of the 6 billion utilized from the Nigeria-China currency swap agreement, expected to be renewed next year. The...

Banks Borrowing From CBN Now N12trn   There are indications that commercial banks and merchant banks are increasingly depending on the Central Bank of Nigeria for liquidity as their borrowing from the apex bank has intensified in the last eight months of 2023. Aside from August 2023...

External Reserves Drop By $915m After CBN's Naira Float   Nigeria’s external reserves dropped by $915m after the Central Bank of Nigeria officially floated the naira and liberalised the foreign exchange market. CBN data obtained on Sunday showed that the reserves, which stood at $34.66bn as of...