Finance & Banking

CBN divides a $134 million bank transfer to prevent any infractions, according to the AuGF report

The recent Auditor General of the Federation report reveals that the Central Bank of Nigeria, during the previous administration, divided a $134 million transfer...

Banks offload $3.3 billion amid the Central Bank’s efforts to counter a renewed decline in the naira

The naira experienced a renewed decline in both the official and parallel foreign exchange markets on Friday. The national currency depreciated to N1,670/$ from the...

The Naira hits a historic low in the official market

The Nigerian naira hit a historic low of N1,534 against the US dollar on the official Nigerian Autonomous Foreign Exchange Market on Monday, marking...

CBN will withhold Ways and Means support for the federal government until the outstanding debt is settled, according to Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced that the apex bank will cease providing Ways and Means to the Federal...

United Capital supports the Central Bank of Nigeria in fostering collaborations with stakeholders

United Capital Group, an asset management group, has voiced its support for the Central Bank of Nigeria's decision to collaborate with various stakeholders in...

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