Bureau De Change (BDC) operators in Nigeria are exploring merger options as a strategy to meet the Central Bank of Nigeria’s (CBN) recapitalization requirements. This development...
The Central Bank of Nigeria (CBN) has announced an overhaul of its export proceeds repatriation policy and mandated compliance to support the nation’s foreign exchange stability....
Nigeria’s foreign exchange reserves increased by $591.78 million in the month following the government’s $2.2 billion Eurobond auction. Data from the Central Bank of Nigeria (CBN)...
The Central Bank of Nigeria (CBN) has disclosed that it injected a total of $1.25 billion into the oil sector for the importation of petroleum products...
The International Money Transfer Operator (IMTO) inflow rose by 63.7% in the nine-month ended September 2024, according to the Central Bank of Nigeria (CBN) The remittance...
Following the ongoing cash shortage across the country, the Federal House of Representatives has urged the Central Bank of Nigeria (CBN) to explore immediate solutions. The...
The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirements as part of efforts to restructure the workforce of the apex bank. In...
The Central Bank of Nigeria (CBN) has urged all customers to report any deposit money banks that fail to dispense cash to customers through the ATM(automated...
The Central Bank of Nigeria(CBN) is set to launch a new website today (Monday). The acting Director of Corporate Communication, Sidi Ali, announced in a signed...
The Central Bank of Nigeria (CBN) has set a minimum trade value of $100,000 for interbank foreign exchange trading via the Electronic Foreign Exchange Matching System...