Customers face limitations on foreign currency withdrawals as banks defy CBN's directive, causing concerns in the marketdol
The latest regulations aim to strengthen compliance with anti-money laundering (AML) and counter-terrorism financing (CFT) provisions while aligning with international best practices.
Nigeria's Financial Watchdog Ramps Up Efforts to Combat Money Laundering by Politically Connected Entities Central Bank of Nigeria Clamps Down on Politically Exposed Individuals Laundering Illegally...
CBN Eases Restrictions on Cash Deposits into Domiciliary Accounts
Effective immediately, the RT200 Rebate Scheme and Naira4Dollar Remittance Scheme will be discontinued, paving the way for a fresh approach to promoting liquidity and stability in...
Central Bank of Nigeria unified foreign exchange rates in a historic move
The Nigerian naira is under intense scrutiny as financial analysts delve into the likelihood and potential impact of an imminent devaluation.
Nigeria's central bank allowed the naira to drop about 2% on the official market to a record low on Wednesday, but the currency's rate remained above...
The Central Bank of Nigeria (CBN) has denied devaluing the Nigerian Naira from N464.67 per dollar to N631 reported by some online platforms.
Broad money supply (M3) in April 2023 grew by 22.11%