Financial inflows Increased by 335% in Q3 – CBN
Nigeria’s economy experienced a notable boost in financial inflows of 335 percent increase in the third quarter of 2024, reaching $6.44 billion compared to $1.48 billion in the preceding quarter.
The increase, as highlighted in the Central...
FG Sets Six-Month Deadline for Banks, Telcos to Settle N250bn USSD Debt
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have issued a final directive to Deposit Money Banks and Mobile Network Operators to resolve the protracted N250bn Unstructured Supplementary Service...
Net Forex Inflow Decreased by 2.97% in Q3 – CBN
The net foreign exchange inflow to the Nigerian economy in the third quarter of the year decreased by 2.97 per cent to $14.46bn from $14.89bn in the preceding quarter.
This was released by the Central Bank...
Yuledite: CBN Permits BDCs to Buy $25,000 Weekly to Meet Demand
The Central Bank of Nigeria (CBN) has granted temporary permission to Bureau de Change operators, to purchase up to $25,000 in foreign exchange weekly from the Nigerian Foreign Exchange Market, which was launched earlier...
Diaspora Remittances Rise 61% to $4.22bn - CBN
The Central Bank of Nigeria has revealed that diaspora remittances processed through International Money Transfer Operators reached $4.22bn between January and October 2024.
This figure nearly doubles the $2.62bn recorded during the same period in 2023.
CBN Governor Olayemi...
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...
