Central Bank of Nigeria (CBN)
CBN refutes reports of involvement in oil sector forex use
The Central Bank of Nigeria, CBN, has refuted reports that it disbursed US$1.259 billion to major oil sector operators for the importation of...
Naira continues appreciation against US dollar
Nigeria’s naira on Monday continued the week with significant appreciation against the United States dollar at the official foreign exchange market. The Central...
Banks deposit N2.5trn in CBN via standing deposit facility amid tight liquidity conditions
Banks in Nigeria have deposited a total of N2.5 trillion with the Central Bank of Nigeria (CBN) through the Standing Deposit Facility (SDF),...
CBN dismisses claims on Fidelity Bank bankruptcy
The Central Bank of Nigeria has dismissed bankruptcy claims making the rounds on social media about a Nigerian bank, Fidelity. In a statement...
CBN announce N165bn surplus in 2024 financial year
The Central Bank of Nigeria (CBN) has announced that its bottom-line improved from a deficit position of N1.3 trillion in 2023 to a...
Naira crashes again, depreciates to N1,615/$ in parallel market
The naira continued its downward trend on Tuesday, falling to N1,615 per dollar in the parallel market, a further slide from N1,610 per...
CBN debunks N5,000, N10,000 banknote rumour
The Central Bank of Nigeria (CBN) has debunked claims that it introduced N5,000 and N10,000 banknotes to facilitate cash transactions, describing the report...
CBN reports $23.11bn net foreign exchange reserve
The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as of the end...
