The Central Bank of Nigeria (CBN) has introduced new regulations mandating banks to implement automated transaction monitoring systems to combat the growing threat of fraud in...
To better manage foreign currency transactions and bolster the nation’s forex reserves, the Central Bank of Nigeria (CBN) has directed mandating Nigerian banks to pay international...
In a recent interactive session with the House of Representatives, Nigeria’s Finance Minister, Wale Edun, expressed confidence in the current state of the nation’s economy, asserting...
In an exclusive interview with Arise Television on Monday, Nigerian Central Bank Governor Olayemi Cardoso expressed optimism as Nigeria makes significant progress in clearing its backlog...
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...