CBN Reports Over $1.5bn Inflow into Economy as Naira Continues to Gain The Central Bank of Nigeria (CBN) says Nigerian economy has recorded inflow of over $1.5 billion as Naira continues to strengthen against Dollar. According to the apex bank, the inflow into the economy over...

CBN Unveils New Minimum Capital Requirements, Gives Banks 24 Months to Recapitalise Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the financial system, the Central Bank of Nigeria (CBN) on Thursday, unveiled new minimum...

CBN Unveils New Minimum Capital Requirements, Gives Banks 24 Months to Recapitalise Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the financial system, the Central Bank of Nigeria (CBN) on Thursday, unveiled new minimum...

CBN Clears Valid FX Transactions to Eliminate Legacy Backlog The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the Governor, Mr. Olayemi Cardoso, to process an inherited backlog of US$7 billion...

CBN Clears Valid FX Transactions to Eliminate Legacy Backlog The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the Governor, Mr. Olayemi Cardoso, to process an inherited backlog of US$7 billion...

JUST IN: With $64.44m Addition, CBN Concludes Payment of FX Backlog to Foreign Airlines The Central Bank of Nigeria (CBN) has concluded the payment of all verified claims of backlog of foreign exchange owed to foreign airlines, with an additional $64.44 million to the concerned...