Central Bank of Nigeria Governor Olayemi Cardoso said inflation will moderate this year and described the country’s naira currency as “undervalued,” in his first public comments...
Nigeria has approved the public disclosure of forex rates by the Association of Bureaux de Change Operators of Nigeria. The initiative aims to minimize the divergence...
Nigeria’s central bank is expected to raise interest rates by as much as 500 basis points next month and provide clarity on foreign-exchange management that’s blamed...
Fitch, one of the leading global credit rating agencies, has said that the Central Bank of Nigeria (CBN) still lacks sufficient foreign exchange (forex) to clear...
Nigeria’s central bank said it had cleared the foreign-exchange backlogs of 14 banks and begun settlements with international airlines. In a statement Wednesday it said that...
Nigeria’s inflation rate jumped 0.72% in December to push annual inflation to 28.92%, the highest in three decades. According to the latest report from the National...
Nigeria’s central bank has introduced comprehensive guidelines for cryptocurrency accounts following the lifting of the ban imposed on cryptocurrency transactions. The guidelines released on the central...
In a strategic move aimed at unraveling the intricate details surrounding the acquisition of Union Bank of Nigeria Plc by Titan Trust Bank (TTB), the Special...
Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, didn’t mince words as he labeled Godwin Emefiele the worst governor the apex bank...
The Central Bank of Nigeria (CBN) has initiated an investigation into potential collusion between Deposit Money Banks (DMBs) and Point-of-Sale (PoS) operators. The move comes as...