The Central Bank of Nigeria has launched two new accounts—the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment […]
Tag: Central Bank of Nigeria
Private sector debt hits N76trn as interest rates soar
Nigeria’s private sector borrowed an additional N1.89 trillion from banks in November 2024, bringing total credit to N75.96trn. This was […]
CBN: We didn’t compel 1,000 officials to resign
The Central Bank of Nigeria (CBN) says the 1,000 staff members disengaged in December 2024 were not compelled to quit […]
2025 Fiscal strategy at risk amid naira depreciation
A tough fiscal year 2025 appears to be underway following the tall order in currency valuation which may restrict the […]
FG: CBN misappropriated N2.73tn in interest payments on “Ways and Means”
The Central Bank of Nigeria (CBN) has been accused of misappropriating N2.73 trillion in interest payments from Ways and Means […]
CBN to launch whistleblower platform in January 1, 2025
The Central Bank of Nigeria (CBN) said that an externally hosted whistleblowing platform would be launched on January 1, 2025. […]
Black market Dollar to Naira exchange Rate today 22nd December 2024
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? […]
Nigeria’s diaspora remittances surge 61%, hit $4.22bn
DIASPORA remittances through International Money Transfer Operators (IMTOs) surged to $4.22bn between January and October 2024, marking a remarkable 61 […]
CBN limits N500,000 weekly cash withdrawal for individual customers
…N100,000 for daily POS cash out The Central Bank of Nigeria (CBN) has announced a new daily transaction limit for […]
Old N1000, N500 and N200 notes are valid, says CBN
The Central Bank of Nigeria (CBN) has debunked claims that some denominations of the Naira are no longer valid. The […]