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...
Governor of the Central Bank of Nigeria Godwin Emefiele has called on telecommunication companies and Deposit Money Banks (DMBs) operating in the country, to resolve their...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has stated that the banking sector is dedicated to expanding foreign exchange supply in the...
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has reported that the country’s RT200 export rebate programme has made significant progress in repatriating export proceeds...
The Central Bank of Nigeria (CBN) has issued guidelines regulating the activities of foreign banks’ representative offices in the country. In a circular directed to all...
After a dip in currency in circulation due to a naira redesign policy, Nigeria’s currency in circulation has surged by N701.4tn in just one month, hitting...
Nigeria’s external reserves have declined by $1.57bn in the first quarter (Q1) of 2023, according to figures obtained from the Central Bank of Nigeria (CBN). The...
The Central Bank of Nigeria (CBN) has maintained its stance on crypto ban in the country even as Bitcoin now trades above $30k for the first...
The Central Bank of Nigeria (CBN) has proposed a new measure for the management of dormant bank accounts, unclaimed balances, and other financial assets in banks...