FG capital spending drops by 25% – CBN
Nigeria’s capital expenditure for the first half of 2024 has declined by 25.3 per cent to N1.99tn, down from N2.68tn ...
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Tag: CBN
CBN approves forex sales to BDCs at N1,590/$
The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to eligible Bureau De Change ...
We’ve not reintroduced cybersecurity levy – CBN
The Central Bank of Nigeria (CBN) claims it has not restored the previously suspended cybersecurity levy. On May 6, the ...
Nigeria’s foreign reserves recorded $2.35bn net inflow in seven months – Wale Edun
The coordinating minister for the economy and minister of finance, Wale Edun, reports that during the first seven months of ...
CBN confirms implementation of controversial 0.005% Cybersecurity levy on transactions
The Central Bank of Nigeria (CBN) has confirmed the implementation of a controversial cybercrime levy set at 0.005 percent on ...
Dormant accounts are more susceptible to fraud – Cardoso
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, claims that dormant accounts are more vulnerable to fraud. ...
CBN drops BDC operators in $123m sale
Bureau De Change Operators were excluded in the latest tranche of forex sales by the Central Bank of Nigeria to ...
Banks’ borrowing from CBN skyrockets by 458% to N57.5trn
Banks’ borrowings from the Central Bank of Nigeria, CBN, Standing Lending Facility, SLF, increased Year-on-Year, YoY, by 458.2 percent to ...
CBN to sanction banks for rejecting old, small Dollar denominations
The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations ...
CBN grants IMTOs access to trade on official market
The Central Bank of Nigeria (CBN) has announced that procedures have been implemented to allow eligible international money transfer operators ...
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