Tag: CBN
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Naira Holds Steady at Official Market as Parallel Rate Gap Persists
The Nigerian Naira opened trading on Friday on a relatively stable footing at the official foreign exchange window, though a persistent premium in the...
Nigeria’s Bond Yields Ease as CBN Cuts Treasury Bill Rates Amid Record Demand
Nigeria's Central Bank (CBN) cut stop rates on medium and long-term Treasury bills at its latest primary market auction this week, marking a continued...
Nigeria’s Central Bank Shuts Major Loan Defaulters Out of Financial System
Nigeria's Central Bank has cut off large-scale loan defaulters from core banking services, ending years of leniency that allowed prominent borrowers to accumulate debt...
Nigeria Locks Mobile Banking Apps to One Phone From July
Nigeria's central bank has ordered every lender, fintech, and payment provider in the country to restrict mobile banking applications to a single device per...
Nigeria Breaks Transparency Barrier as Net Reserves Hit $34.8bn, Surpassing 2023 Gross Total
Nigeria's Central Bank of Nigeria (CBN) has for the first time disclosed the country's net foreign exchange reserves, revealing a figure of $34.80 billion...
