Tag: CBN
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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...
Presidency Plans N8.6bn Overhaul of Air Fleet Engines in 2025 Budget
The Nigerian Presidency has proposed a significant budget allocation of N8.6b for the overhaul of the presidential air fleet engines in its 2025 budget....
CBN Reports $14.46bn Net Forex Inflow for Q3 2024 Despite Quarterly Decline
The Central Bank of Nigeria (CBN) has reported a decline in net foreign exchange inflows to Nigeria, with the figure dropping by 2.97% in...
CBN Exposes VIP Favoritism in Cash Distribution
Recent inspections by the Central Bank of Nigeria (CBN) have revealed that Deposit Money Banks (DMBs) are prioritizing their VIP clients when distributing cash,...
