Nigeria’s net foreign exchange reserve hits highest level in 3 years — CBN
The Central Bank of Nigeria (CBN) has reported the highest Net Foreign Exchange Reserve (NFER) position as of the end of 2024. According to CBN data, NFER stood...
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Nigerian firm sues CBN for N4.1b over alleged negligence
Oil services firm Zumax Nigeria Limited has sued the Central Bank of Nigeria (CBN) for N4.1 billion, accusing it of gross negligence over a disputed receivershi...
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Senator Dickson fumes over lopsided recruitment in NNPC, CBN as Senate orders probe
The senator representing Bayelsa West, Seriake Dickson, has raised concerns over the lopsided appointments in the Nigerian National Petroleum Company, NNPC, the...
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CBN suspends processing fee on large cash deposits amid naira scarcity
The Central Bank of Nigeria, CBN, has suspended the processing fees on large cash deposits. This was disclosed by CBN’s acting Director of Supervision, Dr Adeto...
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