The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate from 27.5% to 27%, marking the first rate cut in over a year. The...
Nigeria’s headline inflation rate has dropped for the fifth consecutive month, prompting renewed calls for the Central Bank of Nigeria (CBN) to reduce its benchmark interest...
The Central Bank of Nigeria (CBN) has announced that it will maintain its benchmark interest rate at 27.5%, continuing a cautious monetary policy approach in response...
Justice Joyce Abdulmalik of the Federal High Court in Abuja has ordered the Central Bank of Nigeria to halt any further monthly financial allocations to the...
The Central Bank of Nigeria (CBN) has clarified that there is no deadline for the circulation of old N200, N500, and N1000 banknotes. This announcement was...
The Central Bank of Nigeria (CBN) has retracted its recently issued Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the 2024–2025 fiscal years due to...
The Central Bank of Nigeria allocated $689.88 million (N903.95 billion at the official exchange rate of N1,309/$ as of March 31, 2024) for food imports in...
The Central Bank of Nigeria has clarified that only accounts inactive for over 10 years will be classified as dormant and used for investment purposes. A...
The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against the Central Bank of Nigeria (CBN). The lawsuit seeks to compel the CBN to...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced that the country’s external reserves increased to $36.89 billion as of July 16, 2024,...