CBN Eases Restrictions on Cash Deposits into Domiciliary Accounts
Effective immediately, the RT200 Rebate Scheme and Naira4Dollar Remittance Scheme will be discontinued, paving the way for a fresh approach to promoting liquidity and stability in...
Central Bank of Nigeria unified foreign exchange rates in a historic move
The Nigerian naira is under intense scrutiny as financial analysts delve into the likelihood and potential impact of an imminent devaluation.
Nigeria's central bank allowed the naira to drop about 2% on the official market to a record low on Wednesday, but the currency's rate remained above...
The Central Bank of Nigeria (CBN) led monetary policy committee has raised Nigeria’s interest rate by 50 basis points from 18% to 18.5% as the inflation...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said the apex bank has disbursed a total sum of N173.3 billion to various...
Nigeria is poised to witness a monumental shift in its economic landscape as the highly anticipated Dangote Refinery and Petrochemicals commence operations. This game-changing development is...
The Central Bank of Nigeria (CBN) has stated that the renewed fears of a global financial contagion are forcing investors to move away from the equities...
Nigeria is expected to devalue its local currency, the naira, by approximately 15% following the inauguration of President-elect Bola Tinubu on May 29. This decision comes...