Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), made revelations about the status of outstanding foreign exchange (FX) claims and shed light...
In a bid to strengthen the oversight of financial transactions and enhance the stability of the foreign exchange market, the Central Bank of Nigeria (CBN) has...
The Central Bank of Nigeria (CBN) has intensified its efforts to stabilize the nation’s foreign exchange market and directed banks to release over $5 billion in...
The Central Bank of Nigeria (CBN) has issued a directive ordering Deposit Money Banks (DMBs) to divest their surplus dollar holdings by February 1, 2024. This...
The Central Bank of Nigeria (CBN) has completed the payment of all verified foreign exchange (FX) claims owed to airlines. The latest disbursement, totaling $64.44 million,...
Amidst a wave of controversy and mixed sentiments, the Central Bank of Nigeria (CBN) is forging ahead with its plan to redeploy approximately 1,500 staff members...
The Central Bank of Nigeria (CBN) has announced the injection of US$500 million into the market. This move comes hot on the heels of the recent...
Former Emir of Kano, Sanusi Lamido Sanusi, has voiced his support for the Central Bank of Nigeria’s (CBN) decision to relocate select departments from Abuja to...
Central Bank of Nigeria Governor Olayemi Cardoso said inflation will moderate this year and described the country’s naira currency as “undervalued,” in his first public comments...
Nigeria has approved the public disclosure of forex rates by the Association of Bureaux de Change Operators of Nigeria. The initiative aims to minimize the divergence...