Nigeria’s Letter of Credit (LC) payments declined by 57% in the first seven months of 2024, according to the latest data from the Central Bank of...
The Central Bank of Nigeria (CBN) has successfully auctioned $876.26 million to 26 deposit money banks (DMBs) in its latest Retail Dutch Auction System (RDAS) held...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reassured the Nigerian populace of the country’s economic stability and expressed optimism about the...
OPay, a leading financial technology platform, has announced the receipt of approval from the Central Bank of Nigeria (CBN) to recommence on-boarding new users. The decision,...
In a significant move to ensure the stability of Nigeria’s financial system, the Central Bank of Nigeria (CBN) has announced the immediate revocation of Heritage Bank...
The Central Bank of Nigeria (CBN) has made a significant move by dismissing 14 directors as part of its ongoing restructuring efforts under Governor Yemi Cardoso....
The Central Bank of Nigeria’s Monetary Policy Committee has raised the benchmark interest rate to 26.25 percent. This announcement was made by the CBN Governor, who...
In a significant development, the Central Bank of Nigeria (CBN) has directed four prominent fintech firms, namely Opay, Palmpay, Kuda Bank, and Moniepoint, to suspend the...
The Central Bank of Nigeria’s Monetary Policy Committee has wrapped up its two-day March 2024 meeting, marking the second MPC gathering of the year and the...
The Central Bank of Nigeria (CBN) has achieved a significant milestone by settling all valid foreign exchange backlogs amounting to $7 billion, fulfilling a crucial promise...
