![Nigeria Comes third in Africa for U.S. deportation Row [Full List]](https://reportafrique.com/wp-content/uploads/2025/04/D8CD7086-212B-436E-A748-22209CE05D85-110x110.jpeg "Nigeria Comes third in Africa for U.S. deportation Row [Full List]")
cbn
CBN Rakes in Over N1 Trillion at OMO Auction Amid Soaring Money Supply
Friday’s OMO auction serves as a clear signal that the CBN remains committed to using market-based tools to manage liquidity. High-yield OMO bills enable the apex bank to absorb surplus cash, influence short-term interest rates, and contain inflationary expectations ahead
… Continue ReadingNigeria Records $6.83bn Balance of Payments Surplus in 2024 — CBN
In his remarks, the CBN Governor said the 2024 BOP surplus is a testament to the success of Nigeria’s reform agenda. He noted that the liberalisation and unification of the foreign exchange market, disciplined monetary policies, and coordinated fiscal and
… Continue Reading
Senate Committee Accuses CBN of Obstructing N30trn Ways and Means Probe
Abuja, Nigeria – The Senate Ad hoc Committee investigating the N30 trillion Ways and Means facility granted to the federal government has accused the Central Bank of Nigeria (CBN) of frustrating its probe by withholding critical documents.
The facility, reportedly … Continue Reading
Court Orders Final Forfeiture of Emefiele’s $4.7m, N830m, and Properties
The judge also noted that Anita Omoile, a key associate of Emefiele, used her influence to unlawfully divert funds from the CBN.
Lagos, Nigeria – A Federal High Court in Lagos has ordered the final forfeiture of $4.7 million, N830 … Continue Reading
Naira Appreciates to N1,514/$1 in Parallel Market as CBN’s Forex Policies Take Effect
Abuja, Nigeria – The Nigerian naira continued its upward trajectory in the foreign exchange market, appreciating to N1,514 per dollar at the parallel market on Wednesday, February 19, 2025. This marks a gain of N11 or 0.72% from the N1,525/$1 … Continue Reading
LGAs Move to Open CBN Accounts for Direct Federal Allocations
Speaking to newsmen, the National Publicity Secretary of the Association of Local Governments of Nigeria (ALGON), Hamisu Anani, confirmed the steps being taken by LGAs to open CBN accounts. He noted that while progress was being made, logistical challenges persist,
… Continue ReadingCBN Introduces New Accounts for Nigerians in Diaspora
This policy aligns with Memorandum 17 of the CBN Foreign Exchange Manual (2018) and reinforces the central bank’s commitment to enhancing the country’s financial ecosystem.
Abuja, Nigeria – The Central Bank of Nigeria (CBN) has launched two new account types … Continue Reading
CBN Halts Extension of Export Proceeds Repatriation
Abuja, Nigeria – The Central Bank of Nigeria (CBN) has announced the suspension of approvals for the extension of export proceeds repatriation timelines. The directive, effective immediately, applies to all oil and non-oil export transactions.
In a circular dated January … Continue Reading
CBN Clarifies Exit of 1,000 Workers, Denies Forced Resignations
Cardoso noted that the program is part of broader restructuring and reorganization efforts, which are common in both private and public sectors globally. He further explained that the initiative aims to maintain an efficient structure in the CBN.
Abuja, Nigeria … Continue Reading
CBN Imposes N100,000 Daily Limit on PoS Withdrawals
This development comes on the heels of the CBN’s recent fine of N150 million on banks issuing new notes to hawkers.
Abuja, Nigeria – The Central Bank of Nigeria (CBN) has introduced a daily limit of N100,000 on Point of … Continue Reading