Tag: CBN
Images Showing Fire At CBN Are AI — Fact Check
A fact-check report by Reuters has said that the circulating social media reports on a fire outbreak at the Central Bank of Nigeria’s headquarters...
Nigeria’s Economy Now More Resilient, CBN Gov Says
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Friday said Nigeria’s economy has emerged stronger.
He specifically pointed out that the...
Bitcoin hits record $125,000 as crypto surges
Bitcoin, the world’s largest cryptocurrency by market capitalisation, hit a new all-time high on Sunday morning at over $125,000.
The latest price represents a 97...
CPPE: CBN’s 75% CRR on non-TSA deposits necessary to limit excess...
The Centre for the Promotion of Private Enterprise (CPPE) has described the Central Bank of Nigeria’s (CBN) decision to impose a 75 percent cash...
CBN Revises Documentation Requirements For PAPSS Transactions
The Central Bank of Nigeria (CBN) has announced a significant review of the documentation requirements for transactions conducted through the Pan-African Payment &...
ABCON lauds CBN’s $197m sale to banks, seeks liquidity in retail...
The Association of Bureau De Change Operators of Nigeria (ABCON) has lauded the Central Bank of Nigeria (CBN) for selling $197.71 million to banks.
On...
CBN Boosts FX Market With $197.71m Amid Trump Tariffs
The Central Bank of Nigeria (CBN) has injected $197.71 million to boost market liquidity and stability in the foreign exchange market....
Nigeria’s Net Reserve Hits $23bn, Highest In Over Three Years —...
Nigeria’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 stood at $23.11 billion, the highest level in over three years, reflecting...
Power Generation Faces Downturn, Falls By 1.64%, Says CBN
The Nigerian electricity sector slowed in the fourth quarter of 2024 (Q4 2024), with the electricity production index declining by 1.64% year-on-year (y-o-y).
Data from...
10 banks lend customers N2.9tn in 12 months
Between December 2020 and December 2021, the combined loan portfolio of 10 Deposit Money Banks in Nigeria rose by N2.9tn, data collated from their...