CBN Clarifies Validity of Old Naira Notes, Dismisses December 31 Deadline
The Central Bank of Nigeria (CBN) has observed the misinformation regarding the validity of the old #1000, #500, and #200 banknotes currently in circulation.
In line with the Bank’s previous clarifications and to offer further...
Nigeria’s Money supply Jumps 48% to N107.7trn in 2024 - CBN
Nigeria’s broad Money Supply (M²) increased by 48.3 percent year-on-year, YoY, to N107.7 trillion in October 2024, from N72.6 trillion in the corresponding period of 2023.
According to the Central Bank of Nigeria, CBN, Money...
Loans to Government Now N42trn – CBN
Data from the Central Bank of Nigeria (CBN) has shown that credit to the public has expanded at a faster rate than credit to the private sector in the past year.
According to the Money and Credit Statistics data...
Naira Gains by Over 8% in One Week
The naira appreciated by N137.69 against the United States dollar within a week, following the introduction of the Central Bank of Nigeria’s new foreign exchange platform.
Data obtained from the CBN’s website on Sunday showed that the closing...
Naira Continues to Appreciate at Official Market
The naira has continued to strengthen on the official trading window, the Nigerian Autonomous Foreign Exchange Market, as the Central Bank of Nigeria launched the new Electronic Foreign Exchange Matching System this week.
According to data on the CBN...
CBN Clarifies Staff Early Exit Exercise
...Says Participation is Entirely Voluntary
The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirements, clarifying that its Early Exit Package (EEP) is entirely voluntary and without any negative repercussions for eligible staff.
Speaking in Abuja on...
