The Central Bank of Nigeria (CBN) said it has signed an agreement with the International Finance Corporation (IFC) to boost local currency financing for Nigerian businesses. CBN said the development was a key outcome alongside the IMF & World Bank Annual Meetings – will enable the IFC to scale its naira-denominated investments across priority sectors…
The House of Representatives has called on the Central Bank of Nigeria (CBN) to begin the gradual withdrawal of old N200, N500, and N1,000 notes from circulation ahead of the December 31, 2024 deadline. During a plenary session on Thursday, lawmakers also asked the CBN to increase the issuance of the new banknotes to ensure…
The Central Bank of Nigeria, CBN, has disclosed that it recently sold a cumulative amount of 148 million dollars to authorised dealers in the Nigerian Foreign Exchange Market, NFEM. The apex bank’s acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali, stated in a statement that the transactions were conducted between Monday and Tuesday to provide…
