Tag: CBN
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CBN Limits BDCs’ Forex Operations to $25,000 Weekly for Greater Control
In a move to strengthen the management of foreign exchange (FX) and curb illicit activities in Nigeria's currency market, the Central Bank of Nigeria...
Nigeria’s Corporate Loan Market Stable as 91% Remain Performing – CBN
The Central Bank of Nigeria (CBN) has revealed that 91% of corporate loans issued by banks remain performing, indicating a strong repayment trend among...
NAHCON Targets Lower Hajj Costs with Request for CBN Fee Waiver
In a bid to reduce the cost of Hajj for Nigerian pilgrims, the Chairman of the National Hajj Commission of Nigeria (NAHCON), Prof. Abdullahi...
Nigeria Resolves $7 Billion Forex Backlog, Boosting Investor Confidence
The Central Bank of Nigeria (CBN) has successfully cleared the long-standing $7 billion foreign exchange backlog, marking a significant step towards easing the foreign...
Cardoso Clarifies Voluntary Exit of 1,000 CBN Staff Members
The Governor Central Bank of Nigeria, Olayemi Cardoso, has clarified that the 1,000 staff members disengaged in December 2024 voluntarily chose to leave, stating...
