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  • ‘Nigeria’s External Reserves Grow by $409m’, CBN data reveals

‘Nigeria’s External Reserves Grow by $409m’, CBN data reveals

Nigeria’s external reserves returned to a growth path as it gained $409m in two weeks, data from the Central Bank of Nigeria disclosed on Monday. According to the CBN’s figures…

“Nigerian Farmers are the major beneficiaries of $2billion approved funds by FGN” – CBN

Central Bank of Nigeria (CBN) has said that Farmers in Nigeria are the targeted beneficiaries for the approved $2Billion funds by the Federal Government of Nigeria (FGN) targeted towards diversification…

Forex: CBN pumps $210m into Inter-Bank Market!

In continuation of its periodic intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) on Tuesday injected another sum of $210 million into the inter-bank foreign exchange…

CCI Rift settled as MTN pays N19 billion to CBN

South African telecommunications firm, MTN, has reached an agreement with the Central Bank of Nigeria (CBN) to resolve the dispute over illegal transfer of $8.1 billion out of Nigeria, its…

MTN Takes CBN and AGF to Court Over Alleged Dividend Repatriation and Unpaid Taxes

The trouble seems to be far from over as Nigerian leading telecommunication company, MTN, has taken the Central Bank of Nigeria (CBN) and the office of the Attorney General of…

MTN Fines: CBN deducts N5.61bn from accounts of three banks

The Central Bank of Nigeria has debited the accounts of three banks to the tune of N5.61bn, being the total amount of fines it imposed on them last week for…

CBN pumps $543m, CNY 63m into Forex market!

In another major round of interventions, the Central Bank of Nigeria (CBN) on Thursday, August 23 and Friday, August 24, 2018, injected a total sum of $543.22 million and CNY…

CBN to Develop Risk-based Cyber Security Framework for Banks

The Deputy Governor, Financial System Stability (FSS), CBN, Mrs. Aishat Ahmad, who spoke in Abuja, Tuesday at the 2018 CBN-JP Morgan Chase Cyber Security Conference, said the CBN was committed…