According to the Central Bank of Nigeria (CBN), there has been a significant increase in remittance inflows, reaching $553 million in July 2024, a 130 per cent increase from the corresponding period in 2023.  

The Central Bank of Nigeria (CBN) has released data stating that Nigeria’s external reserves have declined by 0.68 percent to $36.620 billion as of August 12, 2024, down from $36.872 billion on August 7, 2024. 

The Central Bank of Nigeria (CBN) revealed in a statement on Tuesday by Mrs Sidi Ali Hakama, Ag. Director, Corporate Communications, that the development reaffirms its commitment to fostering transparency and accountability in the Nigerian economy. 

Recapitalisation: FCMB Will Raise N397bn In 3 Phases According to FCMB Group Plc, it plans to raise N397 billion in three phases ahead of the Central Bank of Nigeria's (CBN) recapitalisation exercise. Mr Ladi Balogun, Chief Executive Officer of FCMB Group, said this at the Fact...

The Central Bank of Nigeria (CBN) has expressed optimism about the Federal Government's recent measures to address the food supply deficit, which is expected to help curb inflation. 

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again increased the benchmark interest rate by 50 basis points from 26.25 per cent to 26.75 per cent.