Tag: Central Bank of Nigeria

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CBN Suspends Dividends, Foreign Investments for Underperforming Banks

A step to fortify Nigeria’s banking system and promote financial stability, the Central Bank of Nigeria (CBN) has issued a directive halting dividend payments,...

Nigeria Shells Out $2bn on External Debt in Just Four Months

Nigeria’s external debt servicing has surged dramatically in the first four months of 2025, with the country spending approximately $2.01 billion on external debt...

Orthodox Monetary Approach by CBN Alters Nigeria’s Liquidity Flow

The Central Bank of Nigeria (CBN) has begun reaping the early fruits of its return to orthodox monetary policy, with improved reserve buffers and...

Naira Surges to N1,600 Against Dollar, Hits Weekly High

The Nigerian naira has experienced a significant boost in the official foreign exchange market, reaching its highest value against the US dollar in recent...

CBN Splashes N306bn on Severance, Staff Costs

The Central Bank of Nigeria (CBN) has confirmed that it spent a staggering N306.63 billion on staff-related expenses in 2024, marking an unprecedented spike...

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