The Naira experiences a recovery as banks unload surplus dollars
Before the Central Bank of Nigeria's midnight deadline on February 1, 2024, instructing commercial banks to divest their excess foreign exchange reserves, Deposit Money...
Disagreement between CBN and international airlines regarding a $700 million fund in limbo
The Central Bank of Nigeria and foreign airlines operating in the country are at odds regarding the total amount of unpaid ticket revenue.
The CBN...
1,500 staff members redeployed from the CBN have commenced work at the Lagos office
Over 1,500 Central Bank of Nigeria staff members are set to resume at the Lagos office this Friday after being redeployed from the headquarters.
Despite...
The Naira hits a historic low on the official exchange window, trading at 1348 against the US dollar
The Nigerian naira experienced a significant decline, hitting an unprecedented low of N1348.63/$ on the Nigerian Autonomous Foreign Exchange Market this Monday.
This marks a...
Sanusi supports the Central Bank of Nigeria in its decision to relocate departments
The ex-Emir of Kano, Sanusi Lamido, strongly supports the Central Bank of Nigeria's decision to relocate certain departments from Abuja to Lagos, deeming it...
