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CBN Introduces Electronic Foreign Exchange Matching System (EFEMS) in Interbank FX Market

Ozishayami JohnOctober 5, 2024October 5, 2024

by Ozishayami JohnOctober 5, 2024October 5, 20240274

The Central Bank of Nigeria (CBN)has announced the introduction of the Electronic Foreign Exchange Matching System (EFEMS), for Foreign Exchange (FX) transactions in the Nigerian...

Banking and Finance Business News

Nigeria’s Central Bank Governor Champions Africa’s Voice at Bretton Woods Forum

Sola SoledunOctober 2, 2024October 2, 2024

by Sola SoledunOctober 2, 2024October 2, 20240208

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has concluded his participation in the high-level Bretton Woods at 80 Forum, where he...

Banking and Finance Business News

Again, CBN Sells $148m To 29 Authorised Dealers

Dayo OmoogunJuly 27, 2024July 27, 2024

by Dayo OmoogunJuly 27, 2024July 27, 20240233

The Central Bank of Nigeria (CBN) sold a cumulative amount of US$148m to Authorised Dealers in the Nigerian Foreign Exchange Market (NFEM) to provide liquidity...

Banking and Finance Business News Opinions

CBN Act Amendment: Cutting the Head Off to Treat Headache?

Dayo OmoogunJuly 22, 2024July 22, 2024

by Dayo OmoogunJuly 22, 2024July 22, 20240463

By Dayo Omoogun There is palpable anger against the Emefiele regime that held sway at the Central Bank of Nigeria from June 2014 to June...

Banking and Finance Business News

No Plans to Revoke Polaris, Unity, Keystone Banks’ Licences

Dayo OmoogunJune 7, 2024June 7, 2024

by Dayo OmoogunJune 7, 2024June 7, 20240347

Contrary to rife speculations in the media that the licences of three more banks are to be revoked by the Central Bank of Nigeria following...

Banks Recapitalisation: What’s in it For Us?

Dayo OmoogunMay 15, 2024May 15, 2024

by Dayo OmoogunMay 15, 2024May 15, 20240379

For example, following the Soludo recap, the number of banks operating in the country crashed by about 72% from 89 to 25 banks which clearly...

Banking and Finance Business News

CBN Clears Valid FX Backlog, Achieves Clean Slate

Dayo OmoogunMarch 21, 2024March 21, 2024

by Dayo OmoogunMarch 21, 2024March 21, 20240206

"It was important that we go through an independent and credible process that would determine the authenticity of those obligations, and, at this point, I...

Banking and Finance Business Foreign News

CBN Strategies Yielding Results as Dollar Remittances Quadruple, Foreign Investors Return

Dayo OmoogunMarch 8, 2024March 8, 2024

by Dayo OmoogunMarch 8, 2024March 8, 20240251

“All the different measures we have taken to boost reserves and create more liquidity in the markets have started to pay off,” Governor Cardoso said....

Banking and Finance Business Foreign News

Foreigners Bid 79% in Oversubscribed CBN N1 Trillion OMO Bills

Dayo OmoogunMarch 4, 2024March 4, 2024

by Dayo OmoogunMarch 4, 2024March 4, 20240377

The sale was not only oversubscribed but attracted a huge proportion of foreign bids....

Banking and Finance Business News

CBN Revokes Operational Licenses of 4,173 BDCs

Dayo OmoogunMarch 1, 2024March 1, 2024

by Dayo OmoogunMarch 1, 2024March 1, 20240324

The Central Bank of Nigeria (CBN),in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No....

Tag : CBN

CBN Introduces Electronic Foreign Exchange Matching System (EFEMS) in Interbank FX Market

Nigeria’s Central Bank Governor Champions Africa’s Voice at Bretton Woods Forum

Again, CBN Sells $148m To 29 Authorised Dealers

CBN Act Amendment: Cutting the Head Off to Treat Headache?

No Plans to Revoke Polaris, Unity, Keystone Banks’ Licences

Banks Recapitalisation: What’s in it For Us?

CBN Clears Valid FX Backlog, Achieves Clean Slate

CBN Strategies Yielding Results as Dollar Remittances Quadruple, Foreign Investors Return

Foreigners Bid 79% in Oversubscribed CBN N1 Trillion OMO Bills

CBN Revokes Operational Licenses of 4,173 BDCs

Dividends from the 2025 IMF/World Bank Group Spring Meetings

NITDA Sets April 28 Date for Inaugural Meeting of Startup Consultative Forum

Interior Minister Orders Immediate Probe of Alleged N5.2m Extortion by NSCDC Officers

Pope Francis Dies at 88 –the Vatican

Ahead IMF/ World Bank Spring Meetings: CBN Partners JP Morgan, NGX, Others,Leads Financial Dialogue at NASDAQ

Editor's Picks

Dividends from the 2025 IMF/World Bank Group Spring Meetings

NITDA Sets April 28 Date for Inaugural Meeting of Startup Consultative Forum

Interior Minister Orders Immediate Probe of Alleged N5.2m Extortion by NSCDC Officers

Recent Posts

Dividends from the 2025 IMF/World Bank Group Spring Meetings

NITDA Sets April 28 Date for Inaugural Meeting of Startup Consultative Forum

Interior Minister Orders Immediate Probe of Alleged N5.2m Extortion by NSCDC Officers

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