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...
The Central Bank of Nigeria (CBN) has reversed its stance on cryptocurrency transactions, a decision that has ignited optimism and enthusiasm among industry experts. The banking...
Grassroots farmers and petty traders in Nigeria find themselves ensnared in the web of a persistent cash crunch that has cast shadows on their once-thriving businesses....
As the festive season approaches, Nigeria grapples with a cash scarcity crisis as many citizens struggle to access sufficient funds for their holiday expenditures. The shortage...
The Central Bank of Nigeria (CBN) has taken decisive action by suspending the processing fees of two percent and three percent previously levied on cash deposits...