Central Bank of Nigeria

October 27, (THEWILL) - The Naira, on Friday, recorded major gains in the parallel market with the local currency recording a major rebound with dealers offering $1 to N1000 from Thursday’s N1300 - $1. Similarly, £1 was exchanged for N1250...

October 22, (THEWILL) - If there are winners and losers in the recent policy reversal which restored the 43 import items formerly restricted from the official foreign exchange (forex) window, it is the manufacturing sector. In a twist of events,...

October 17, (THEWILL) - In an unprecedented turn of events, the Naira tumbled to its deepest place on Tuesday to settle at N848.12/$ at the investors' and exporters' (I&E) window. This is an 8.9% depreciation compared with the N778.80/$...

October 15, (THEWILL) - Certainly if Nigeria has not made much progress in its economic growth and development strides, it is essentially because of its very high import-dependence. The petrodollar inflow since 1973 or thereabout, has impacted the lifestyles...

October 12, (THEWILL) - The Central Bank of Nigeria (CBN) has lifted foreign exchange (FX) restrictions on the importation of 43 items. The apex bank also said it would boost liquidity in the Nigerian Foreign Exchange Market and intervene from...

October 09, (THEWILL) - The Central Bank of Nigeria (CBN) has refuted reports that the country's Central Bank Digital Currency (CBDC), the eNaira, is a threat to the nation's financial stability. A statement signed on Monday, by the bank's Director,...

October 08, (THEWILL) - Notwithstanding the “bold” reforms introduced by the Nigerian government to address the lingering structural challenges impacting on the nation’s fiscal space, emerging facts reveal that the economy is headed for a bleak outlook as the...

October 02, (THEWILL) - The Central Bank of Nigeria (CBN) has revealed that the economy recorded $10.7 billion aggregate foreign exchange inflow in April and May 2023 The CBN, which disclosed this in its May economic report on foreign...

October 01, (THEWILL) - A seemingly innocuous memo from the Central Bank of Nigeria (CBN) to all banks, regarding their audited financial results in the first-half, 2023, has turned controversial. The memo has in fact become a cause for...

September 27, (THEWILL) - It is a new dawn at the Central Bank of Nigeria, as the Senate, the upper chamber of the National Assembly, screened and approved the nominees of President Bola Tinubu, to pilot the affairs of...