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Aggregate Outflow of Foreign Exchange Fell by 6.7% – CBN

  The Central Bank of Nigeria (CBN) has said aggregate outflow of foreign exchange fell by 6.7 per cent below the level at the end...

Currency in Circulation Drops to N2.11 trn, Says CBN

The Central Bank of Nigeria (CBN) has said currency in circulation dropped to N2.11 trillion in May from N2.16 trillion reported in April 2019. The...

No Monies Missing, Stolen- CBN

The Management of the Central Bank of Nigeria (CBN) has been notified of a purported audio recording of selective conversations amongst the Governor, Deputy...

Ex-CBN Director Lauds Buhari for Reappointing Emefiele

  A former Director of the Budgetary Department of the CBN, Dr Titus Okunronmu, has commended President Muhammadu Buhari for re-appointing Mr Godwin Emefiele as...

CBN Governor’s Job Not Threatened, Say Presidency Sources

The job of Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, is not threatened in any way, some sources within the...

Access, Diamond Banks Gets CBN ‘No-Objection’ For Merger Write SEC, Pencom,...

The managements of Access Bank Plc and Diamond Bank Plc, on Wednesday said they have received a “no-objection” letter from their primary regulator- the...

Nigeria Lacks Capacity to Export Perishable Goods

In spite of its huge potential in production of perishable products, Nigeria currently lacks the conditioning centres as the cold chain in exporting the...

NNPC, CBN to Explain Withdrawal of $1.2b

The Senate Committee on Gas has said that NNPC and Central Bank of Nigeria (CBN) are to submit documents on the withdrawal of $1.2...

Nigeria Crashes food Importation by 60%

Nigeria has succeeded in reducing the importation of food items by 60 per cent from 2015 to date, the Governor of Central Bank of...

Two Foreign Banks Shut Down Nigerian Operations

The Central Bank of Nigeria on Friday said two foreign banks, HSBC and UBS, have closed their offices in Nigeria. The CBN also revealed that...
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