Tag: CBN

CBN to earn N50bn from new cybersecurity levy

The Central Bank of Nigeria is forecasted to generate around N50 billion…

Wilson Adekumola

CBN slashes cybersecurity levy to 0.005% on electronic transactions

The Central Bank of Nigeria has significantly revised the cybersecurity levy on…

Wilson Adekumola

CBN caps forex sales at $5,000 for BDCs

The Central Bank of Nigeria has introduced a policy limiting foreign exchange…

Wilson Adekumola

CBN may pause increase in interest rate — Report

Nigeria’s inflation rate dropped to its lowest level in six months during…

Wilson Adekumola

Nigeria’s external reserves hits $424.68m – Report

Nigeria’s external reserves experienced a notable boost of $424.68 million between August…

Wilson Adekumola

External debt servicing hits $2.78bn – CBN

Nigeria's debt servicing for the first seven months of 2024 surged by…

Wilson Adekumola

Nigeria’s private sector loans hit 33.69% in one year – CBN

Nigeria's private sector saw a substantial boost in loans, with a notable…

Wilson Adekumola

Remittance inflow hits $553m in July – CBN

The Central Bank of Nigeria has reported a remarkable surge in remittance…

Wilson Adekumola

Foreign investors boost Nigerian banks amid recapitalization – CBN

The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, recently…

Wilson Adekumola

Senate passes bill to raise CBN loans to FG

The Nigerian Senate has passed a bill to increase the percentage of…

CBN allocates $148m to dealers amid naira decline

The Central Bank of Nigeria has allocated $148 million to 29 authorized…

Wilson Adekumola

Nigeria’s external reserves hits $36.89bn – CBN

Nigeria's external reserve has risen to $36.89 billion as of July 16,…

Wilson Adekumola

[ICYMI] CBN to sanction banks rejecting old dollar notes

The Central Bank of Nigeria has issued a warning that it will…

Wilson Adekumola

N30tn loan: Senate resumes probe as new evidence surfaces

The Senate committee investigating the controversial N30 trillion Ways and Means loans,…

Nigeria’s external reserves hit $34.07bn – CBN

The Central Bank of Nigeria reported that Nigeria’s external reserves hit a…

Wilson Adekumola