The Central Bank of Nigeria (CBN) has temporarily withdrawn its biennial publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the fiscal years 2024–2025…
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The Central Bank of Nigeria (CBN) has announced the reintroduction of the cybercrime levy at 0.005% on all electronic transactions. This decision, effective for the 2024-2025…
The Central Bank of Nigeria has mandated that all POS operators route transactions through licensed payment terminal service aggregators. According to a circular released on the…
The Central Bank of Nigeria (CBN) has approved the sale of $20,000 to eligible Bureau de Change operators at an exchange rate of N1580. This announcement…
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has ordered the dissolution of the Board and Executive Management of the Nigeria Incentive-Based Risk…
The Central Bank of Nigeria (CBN) has lifted its suspension on banks borrowing from its Standing Lending Facility (SLF), setting the lending rate at 31.75 percent…
The push to maintain physical cash has led to the innovative use of polymer as a long-lasting, secure, and eco-friendly alternative for making banknotes. The first…
The Central Bank of Nigeria authorised the Providus-Unity Bank of Nigeria on August 6, 2024. The day after, the apex bank approved a bailout loan of…
The Central Bank of Nigeria (CBN) announced that it sold $876.26 million to end users through 26 successful banks at a cut-off rate of N1,495 per…
The Central Bank of Nigeria (CBN) has announced plans to introduce a Retail Dutch Auction System to mitigate foreign exchange fluctuations in the country’s forex market.This…