Central Bank of Nigeria

February 29, (THEWILL) - Mr Urum Kalu Eke has declined his appointment as a member of the Board of Directors of the Central Bank of Nigeria (CBN). President Bola Tinubu had earlier forwarded the names of Kalu-Eke and four others...

February 25, (THEWILL) - The Central Bank of Nigeria (CBN) is mulling an increase in the share capital of Bureau De Change (BDC) operators to N2 billion and N500 million for Tier 1 and Tier 2 licenses respectively. It...

February 21, (THEWILL) - The Federal Government, through the Central Bank of Nigeria (CBN), has raised the exchange rate for cargo clearance from N1,472.756/$ to N1,605.82 per dollar. This is coming barely six days after it adjusted the Customs...

February 15, (THEWILL) - The Central Bank of Nigeria (CBN) has issued a directive to the international oil companies (IOCs), through the banks, restricting the repatriation of their export proceeds to 50 percent in the first instance. In a...

February 09, (THEWILL) - The Governor, Central Bank of Nigeria (CBN) , Dr Olayemi Cardoso has said the bank will no longer grant Ways and Means to the federal government without having all the outstanding balance settled. Ways and...

February 06, (THEWILL) - The Central Bank of Nigeria (CBN), on Tuesday, attributed the current hike in the exchange rate between the dollar and the naira, to increasing demand for dollars by Nigerian students studying abroad and those who...

February 05, (THEWILL) - The Governor, Central Bank of Nigeria, CBN, Dr Olayemi Cardoso, has, again, stated that the naira is undervalued. Dr Cardoso reiterated this position in an interview with Arise News Television Monday, stating that foreign investors...

February 03, (THEWILL) - The Federal Government, through the Central Bank of Nigeria (CBN), has further jerked up the exchange rate for cargo clearance to N1,413.62/$1. This is coming barely 24 hours after it increased the Customs exchange rate to...

February 02, (THEWILL) - Duties payable on imported goods at Nigerian ports have gone up following a 43% hike in the exchange rate for cargo clearance by the Federal Government through the Central Bank of Nigeria (CBN). THEWILL reports that...

January 31, (THEWILL) - The Senate, on Wednesday, summoned the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, over the state of the economy and free fall of the Naira. Chairman of the Senate Committee on Banking, Insurance,...