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The Central Bank of Nigeria (CBN)
Naira Falls to Record Low Against Dollar, Now Above N1,600 in Official Market
By Milcah TanimuThe Nigerian naira has hit a new low against the United States dollar in the official foreign exchange market, despite recent interventions...
CBN Faces Legal Challenges Over Recent Staff Layoffs
The Central Bank of Nigeria (CBN) is currently embroiled in numerous court cases initiated by former employees who were dismissed as part of the...
Moghalu Recommends ₦75,000 to ₦100,000 Minimum Wage Amid Labour’s ₦100,000 Proposal
Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), has endorsed the organized labour's consideration of a ₦100,000 minimum wage for...
**CBN Injects Over $300 Million to Stabilize Naira**
By Daniel EduThe Central Bank of Nigeria (CBN) has injected over $300 million into Deposit Money Banks (DMBs) in the past two weeks in...
**CBN Limits Dollar Purchase from BDCs, Sets New Guidelines**
By Daniel EduThe Central Bank of Nigeria (CBN) has introduced new guidelines for Bureau De Change (BDC) operations, limiting the amount of foreign exchange...
Central Bank of Nigeria Denies Redenomination Plans for Naira
By Daniel EduThe Central Bank of Nigeria (CBN) has officially stated that there are no plans to redenominate or restructure the naira notes in...
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