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CBN Injects $148 Million Into Nigerian Foreign Exchange Market To Boost Naira

The Central Bank of Nigeria (CBN) has provided a total of $148 million to authorized dealers in the Nigerian Foreign Exchange Market (NFEM) to...

CBN Orders Transfer Of Unclaimed Dormant Funds Above 10 Years To Treasury Bills

Deposit Money Banks have been instructed by the Central Bank of Nigeria (CBN) to move money from dormant accounts and unclaimed amounts older than...

CBN Begins Regular FX Sales to Boost Market Liquidity, Stability

The Central Bank of Nigeria (CBN) has announced the commencement of regular foreign exchange (FX) sales through Authorized Dealer Banks and licensed Bureaux De...

Judge Denies Disgraced Former CBN Governor Emefiele’s Request For Medical Trip Abroad

Justice Hamza Muazu of the High Court of the Federal Capital Territory in Abuja has rejected a request from Godwin Emefiele, the former governor...

CBN Sells $122.67 Million To Stabilize Forex Market, Reserves Surge To $35.05 Billion

The Central Bank of Nigeria (CBN) has sold approximately $122.67 million to 46 authorized dealers to promote stability and reduce volatility in the foreign...

CBN Issues Fresh Guidelines For Foreign Currency Deposit

The Central Bank of Nigeria (CBN) has introduced new guidelines for Deposit Money Banks (DMBs) regarding the deposit of foreign currency notes. In a circular...

CBN to Implement New Policies to Boost Cybersecurity in Financial Systems

The Central Bank of Nigeria (CBN) has reaffirmed its commitment to addressing cybersecurity challenges and promoting innovation to maintain the stability and integrity of...

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