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...
Nigeria’s Federation Account increased by 7.48% to N6.86 trillion in the third quarter (Q3) of 2024, according to the latest Economic Report from the Central Bank...
Deposit Money Banks engaging in illegal sales of mint naira notes to money hawkers for profits may need to desist from this illegal operation or risk...
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...
Following reports of arbitrary exploitation by Point of Sale (PoS) operators, Vice President Kashim Shettima has called on the Central Bank of Nigeria (CBN) and commercial...
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...