The Central Bank of Nigeria (CBN) has reported a significant drop in the currency in circulation in the country following its redesign policy that plunged the...
Some group of Experts in Nigeria has called on the Central Bank of Nigeria (CBN) on the need for regulation and transparency of digital banks to...
The Central Bank of Nigeria, CBN has officially declared its alliance with the Supreme Court judgement on the recirculation of the old N500 and N1000 notes...
According to recent data from the Nigeria Interbank Settlement System (NIBSS), the value of E-payment transactions in Nigeria fell to N37.67 trillion in February 2023, a...
The nation’s economy had been described to be deteriorating and unproductive as it lost N20 trillion to the current naira scarcity situation, the latest report from...
The Central Bank of Nigeria, CBN has released strict directives for the operation of open banking system in Nigeria. According to the CBN, the new guidelines...
The Central Bank of Nigeria (CBN) has reacted to the recent poor rating of the International Monetary Fund (IMF) on the Anchor Borrowers’ Programme, faulting its...
Following the Supreme Court judgement, some commercial banks including Access Bank and GTB have started paying out old N500 and N1,000 notes to customers. Bank customers...
Despite the Supreme Court ruling extending the use of the old naira notes as legal tender till December 31, 2023, Nigerians and commercial banks have insisted...
The Central Bank of Nigeria (CBN) has reported a further decline in the country’s external reserves, with figures showing a fall of $317m in February. This...