The Central Bank of Nigeria (CBN) has fulfilled its commitment to eliminate the backlog of foreign exchange owed to foreign airlines operating in the country. As reported by the Guardian,…
Central Bank of Nigeria (CBN
Central Bank Injects Additional Five Hundred Million Dollars to Tackle Foreign Exchange Backlogs
The Central Bank of Nigeria (CBN) has infused an extra five hundred million dollars across various sectors, building on its recent payment of approximately two billion dollars to clear outstanding…
Group Protests Planned Relocation of CBN Departments, FAAN from Abuja to Lagos
The Arewa Consultative Forum (ACF) has raised objections to the proposed relocation of the headquarters of the Federal Airport Authority of Nigeria (FAAN) and certain departments of the Central Bank…
Central Bank Announces Head Office Decongestion Plan, 1,533 Staff Members Face Relocation
The Central Bank of Nigeria (CBN) has triggered uncertainty and anxiety among its staff by announcing a head office decongestion plan that will impact 1,533 employees. As reported by RoyalTimes,…
CBN Assures Nigerians of Decline Inflation, Exchange Rate in 2024
The Central Bank of Nigeria ( CBN), has raised the confidence of Nigerians as the year 2023 winds down assuring that the soaring Inflation and Exchange Rates will drastically decline…
CBN Affirms Resilience of Nigerian Banking Industry Amid Media Reports
The Central Bank of Nigeria (CBN) has affirmed the resilience of the Nigerian banking industry, emphasizing that key financial soundness indicators are well within regulatory thresholds. This clarification comes in…