Currency In Circulation Drops By N75.84bn In A Month Currency in circulation in the country fell by N75.84bn from N1.9tn in June to N1.824tn in July 2018. According to statistics from the Central Bank of Nigeria on Wednesday, the figure rose from N1.93tn in February to...

Falling External Reserves, Capital Outflows Not A Cause For Worry - CBN The Central Bank of Nigeria has said the recent decline in the nation’s foreign exchange reserves and capital outflows from the country are not a cause for worry. The external reserves, which rose to...

CBN May Increase Interest Rate Soon The Central Bank of Nigeria has hinted about plans to increase the interest rate as it hopes to tighten the monetary policy in response to higher inflation ahead of the general elections in February. A Bloomberg report on Tuesday quoted...

CBN Appoints CIBN As ADR Secretariat The Chartered Institute of Bankers of Nigeria says it has been appointed by the Central Bank of Nigeria as the secretariat for the Alternative Dispute Resolutions platform for mortgage banks. According to a statement, the CBN established a sub-committee on...

External Reserves Drops By $669m In July ― CBN   The nation’s external reserves fell by $669m last month, data from the Central Bank of Nigeria showed on Thursday. The reserves, which stood at $47.788bn as of June 29 and rose to N47.798bn on July 2, dropped...

CBN Reveals Revised Clearing System Rules For Banks   The Central Bank of Nigeria said on Wednesday that it had revised the clearing system rules for Deposit Money Banks. The Director, Banking and Payments System Department, CBN, Dipo Fatokun, in a circular issued to banks, mobile money...