CBN

Interpol Declares Wanted Three Nigerians for Allegedly Faking Buhari’s Signature

The special investigator appointed by President Bola Tinubu has asked the international criminal police organisation (Interpol) to place three suspects on its watchlist over an alleged fraud of $6,230,000. The…

Feb 14, 2024

Investigation

CBN, Emefiele, foreign observers funds, Interpol

President Tinubu Makes Fresh Appointments

President Bola Tinubu on Tuesday, February 13, urged the Senate to screen and confirm the nomination of five persons for appointment as directors of the Central Bank of Nigeria (CBN)…

Feb 13, 2024

politics

Bola Tinubu, CBN, fresh appointment

CBN Governor Says Ways and Means Financing is Over

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the apex bank will no longer give Ways and Means to the President until the previous loans…

Feb 10, 2024

national

cardoso, CBN

Dollar Sales by Banks Decline as Naira Weakens to 1,479 per Dollar

The total value of transactions recorded at the official Nigerian Autonomous Foreign Exchange Market fell from $465.29m on Tuesday and $203.93m on Wednesday, data obtained from FMDQ Exchange showed on…

Feb 9, 2024

business

CBN, dollar, Fx

Naira Depreciates at Official Market as Banks Sell $584 Million

The value of foreign exchange transactions recorded on the official Nigeria Autonomous Foreign Exchange Market has risen to $584m, according to data posted on the FMDQ Exchange on Tuesday. This…

Feb 7, 2024

business

CBN, dollar, Naira

Naira weakens at parallel market, rises at official

The naira strengthened at the official window on Monday, after the Central Bank of Nigeria Governor, Olayemi Cardoso, reassured that the apex bank was making efforts to tackle the volatility…

Feb 6, 2024

business

CBN, dollars, Naira

Cardoso: We Inherited $7 Billion FX Backlog, Anticipates Clearing $2 Billion Balance Soon

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the country will soon be free of its $7 billion foreign exchange (FX) backlog, as $2.3 billion has already…

Feb 5, 2024

business

backlogs, CBN, Fx

CBN Clarifies: No Intention to Convert Funds in Domiciliary Accounts to Naira

Nigeria’s central bank has said there was no plan to convert the funds in domiciliary accounts to naira. Media reports had claimed that the bank planned to convert about $30…

Feb 3, 2024

business

CBN, dollar, Naira

CBN Takes Action Against Banks for Withholding $5 Billion Amidst Naira Depreciation

The Central Bank of Nigeria (CBN) hit the nail on the head yesterday. It accused commercial banks of hoarding over $5 billion in foreign currencies against the threshold approved by…

Feb 2, 2024

business

CBN, Fx sanctions, sell fx

CBN Directs Banks to Sell Excess Dollars Within 24 Hours

Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest February 1,…

Feb 1, 2024

business

CBN, dollar, Fx

Interpol Declares Wanted Three Nigerians for Allegedly Faking Buhari’s Signature

President Tinubu Makes Fresh Appointments

CBN Governor Says Ways and Means Financing is Over

Dollar Sales by Banks Decline as Naira Weakens to 1,479 per Dollar

Naira Depreciates at Official Market as Banks Sell $584 Million

Naira weakens at parallel market, rises at official

Cardoso: We Inherited $7 Billion FX Backlog, Anticipates Clearing $2 Billion Balance Soon

CBN Clarifies: No Intention to Convert Funds in Domiciliary Accounts to Naira

CBN Takes Action Against Banks for Withholding $5 Billion Amidst Naira Depreciation

CBN Directs Banks to Sell Excess Dollars Within 24 Hours

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