Tag: Cbn

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CBN predicts that the growth of the service sector will be driven by digital lending

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has revealed that in 2024, mobile money and digital lending are expected to spearhead...

CBN instructs banks to divest surplus dollars within a 24-hour timeframe

In an effort to stabilize the nation's exchange rate, the Central Bank of Nigeria has directed Deposit Money Banks to sell their surplus dollar...

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 CBN highlights the government’s dedication to fostering business growth through SMEDAN’s N19 billion allocation

The Central Bank of Nigeria has highlighted the 238.87% increase in the 2024 budget allocation for the Small and Medium Enterprises Development Agency of...

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