The International Finance Corporation (IFC) has entered into a strategic partnership with the Central Bank of Nigeria (CBN) aimed at enhancing local currency financing to empower...
Amid growing confusion over the legal status of old naira notes, the Central Bank of Nigeria (CBN) has dismissed claims that the old N200, N500, and...
Nigeria’s foreign exchange market has experienced a significant upturn, with inflows surging by 67.8% to $27.6 billion in the first half of 2024, according to the...
The Central Bank of Nigeria (CBN) has unveiled a new Electronic Foreign Exchange Matching System (EFEMS) to streamline foreign exchange transactions within the Nigerian Foreign Exchange...
A significant revelation emerged in the ongoing trial of Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), as Folashodun Shonubi, a key witness,...
In an effort to ease financial transactions, the Central Bank of Nigeria (CBN) has extended the suspension of cash deposit processing fees from September 30, 2024,...
The Central Bank of Nigeria’s Monetary Policy Committee has raised the benchmark interest rate to 27.25 percent, marking a 50 basis point increase from the previous...
The Central Bank of Nigeria (CBN) has mandated payment service providers (PSPs) to route all point of sale (POS) transactions through its licensed Payment Terminal Service...
Kingsley Moghalu, a former Deputy Governor of the Central Bank of Nigeria, has announced that he will no longer engage with the media on Nigeria’s economic...
The Naira plunged dramatically against the United States dollar on Tuesday, sparking concerns that the Central Bank of Nigeria (CBN) may be losing its grip on...
