The Central Bank of Nigeria (CBN) has finally disclosed Nigeria’s Net Foreign Exchange Reserves (NFER), following repeated calls by experts. According to the CBN, the NFER rose significantly to $23.11 ...

The Central Bank of Nigeria (CBN) has reported a Net Foreign Exchange Reserve (NFER) of $23.11 billion as of the end of 2024, marking the highest level in over three years. In a statement released ...

A file photo of a powerline. 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).

A new Household Expectations Survey by the Central Bank of Nigeria (CBN) has revealed that 65.5 per cent of Nigerian households believe a reduction in lending rates would be best for the economy.

The Central Bank of Nigeria has approved a financial holding company structure, Greenwich Holdings Limited, for Greenwich Merchant Bank Limited. In a statement on Tuesday, the bank said that the ...

As a boost for Nigeria’s financial sector, the Central Bank of Nigeria (CBN) has granted regulatory approval for the establishment of Greenwich Holdings Limited, the financial holding company of ...

To realise this goal, the Central Bank of Nigeria (CBN), led by Olayemi Cardoso, has introduced key policy measures, including bank recapitalisation, foreign exchange (FX) reforms, inflation control, ...

Greenwich Merchant Bank Limited has received regulatory approval from the Central Bank of Nigeria (CBN) for its financial holding company, Greenwich Holdings Limited. This milestone marks a ...

Notwithstanding the ban on cryptocurrency trading by the Central Bank of Nigeria (CBN), between July 2023 and June 2024, Nigeria is said to have contributed an estimated $59 billion to the virtual ...

The Central Bank of Nigeria (CBN) has reaffirmed its commitment to maintaining a transparent and resilient financial system by reinforcing regulatory compliance and risk management across Nigerian ...

There is also an annual renewal at a fee of N10 million Naira, or any amount that the apex bank may specify from time to time; payable to the CBN through electronic transfer or bank draft on or before ...

Will CBN act as a soft pillow for the restless? CBN loyalists anecdotally report better sleep, but there isn't enough scientific research to support the claim. Credit: Getty Images / iStockphoto ...