Tag: CBN
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Punch pulls report on CBN converting dollars in domiciliary accounts to naira
Nigerian newspaper Punch has pulled down a report it published on Saturday, suggesting the Central Bank of Nigeria (CBN) planned to convert $30 billion...
Forex backlog audit reveals irregularities of $2.4 billion, says CBN
The Central Bank of Nigeria (CBN) disclosed on Monday that a forensic audit of the $7 billion overdue foreign exchange transactions, which the bank...
Naira’s fall continues as CBN releases another $500 million for forex backlog
The Central Bank of Nigeria (CBN) says it has released $500 million to various sectors in its effort to address the backlog of foreign...
Central Bank of Nigeria reveals its inflation target figure
In his first public address on the economy since November, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has predicted a decline in inflation...
CBN appoints CEOs for Union, Keystone, Polaris Banks after takeover
The Central Bank of Nigeria (CBN) has appointed new management teams to lead Union Bank, Keystone Bank, and Polaris Bank, after dissolving the boards...