Tag: CBN
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Excess Liquidity Persists Above N8trn Despite CBN Cash Mop Up
Nigeria’s banking system continues to sit on massive liquidity levels, with funds remaining above N8 trillion despite a major intervention by the Central Bank...
CBN Mandates Naira Accounts for Money Transfer Firms to Boost FX Transparency
The Central Bank of Nigeria has introduced a new directive requiring all International Money Transfer Operators to open naira settlement accounts with authorised dealer...
CBN Sets Single-Digit Inflation Goal as Global Risks Loom
Nigeria’s apex bank has set its sights on bringing inflation down to between 6 and 9 per cent over the medium term, even as...
Nigerian Banks Park Nearly N7 Trillion With CBN as Liquidity Surges
Nigerian banks have placed close to N7 trillion in surplus funds with the Central Bank of Nigeria, highlighting the strong liquidity currently circulating within...
Tinubu Nominates Lamido Yuguda as Deputy Governor of CBN
President Bola Ahmed Tinubu has approved the nomination of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), pending confirmation...
