Tag: Central Bank of Nigeria

...Finance Minister, Wale Edun, estimates the total foreign exchange backlog at $5 billion, and identified clearing this backlog as a priority for the CBN. MON,...

SAT, JAN 20 2024-theGBJournal|According to the Central Bank of Nigeria (CBN), credit to the private sector (CPS) declined by 6.0% m/m in November (October...

...Tackles FX Transactions abuses in clearing Liabilities Backlog ...To continue settlement of verified FX backlog THUR, JAN 18 2024-theGBJournal|The Central Bank of Nigeria (CBN) said that...

SAT, JAN 13 2024-theGBJournal|The naira value fell by 2.4% to N890.54/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM), with total turnover in the...

THUR, JAN 11 2024-theGBJournal|The Central Bank of Nigeria (CBN) has appointed new executives to oversea the affairs of Union Bank, Keystone Bank and Polaris...

...Announced it has disbursed $61.64 million to foreign airlines through Deposit Money Banks, redeeming $2 billion in outstanding forward liabilities in the last three...

FRI, JAN 05 2024-theGBJournal| It is expected that the domestic economic activities will remain resilient in 2024FY as the negative impact of the reforms...

...Since October, the Central Bank of Nigeria (CBN) has renewed its efforts at solving the challenges stoking the existing FX liquidity constraints. SAT, DEC 30...

...In recent years, CBN used a combination strategy to manage inflation. The Bank used a tight monetary policy and strident efforts to boost the...

...Growth forecast to settle at +2.16% y/y in 2024FY WED, DEC 27 2023-theGBJournal|After the rebound from the negative growth induced by the Central Bank of...