Tag: CBN
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...
CBN to pay 150 exporters N3.5bn rebate
The Governor of the Central Bank of Nigeria, Godwin Emefiele has ordered the immediate release of N3.5bn as a rebate to 150 exporters who...
Currency in circulation falls by N42.43bn in two months
CURRENCY in circulation fell by N42.43bn between January and March, figures obtained from the Central Bank of Nigeria have revealed.
The CBN revealed in its...
Nigerians spend $39.66bn on foreign education, medical tourism – CBN report
NIGERIANS spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central Bank of Nigeria data.
According...
40 Pharmaceutical Firms Access CBN’s N100bn Intervention Fund
The Pharmaceutical Society of Nigeria (PSN) yesterday, disclosed that 90 per cent of the Central Bank of Nigeria’s (CBN) N100 billion COVID-19 intervention fund has been disbursed to...