Rather than stem inflationary pressures and encourage FX inflows, I believe the hike may lead to inadvertent volatility in the market
The Central Bank of Nigeria (CBN) has issued a directive to banks to lift the post-no-debit restrictions on the bank accounts of 440 individuals and companies....
The Central Bank of Nigeria‘s Monetary Policy Committee (MPC) has hiked interest rate by 25 basis points from 18.5% to 18.75% on Tuesday. The announcement was...
The CBN announced that the cash reserve ratio for merchant banks, which specialize in providing financial services to businesses and individuals, will be reduced from 32.5%...
Court deems Emefiele's continued detention without trial a violation of fundamental rights
CBN's move to introduce Naira remittance pay-outs alongside foreign exchange seeks to boost Nigeria's economy
CBN Introduces Guidelines for Contactless Payments, Sets Transaction Cap and Daily Limits
Eyowo's Shift to B2C Model and 11% Workforce Reduction Mark a Bold Transformation in Digital Banking Landscape
Declining Money Supply and Government Credit, But Currency in Circulation Sees an Upward Trend
Customers face limitations on foreign currency withdrawals as banks defy CBN's directive, causing concerns in the marketdol