The Central Bank of Nigeria (CBN) stated that diaspora remittances processed by international money transfer operators totalled $4.22 billion between January and October 2024. This sum…
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In a bold move, the Central Bank of Nigeria (CBN) has imposed a daily transaction cap of N1.2 million on Point of Sales (PoS) agents. This…
The Central Bank of Nigeria (CBN) has advised financial institution treasurers to take steps to protect their companies’ financial well-being. Muhammad Abdullahi, Deputy Governor, Economic Policy…
The Central Bank of Nigeria (CBN), has declared that Deposit Money Banks discovered to have allowed the illicit transfer of mint naira notes to currency hawkers…
The Central Bank of Nigeria (CBN) has reaffirmed that the old ₦1000, ₦500, and ₦200 banknotes remain valid as legal tender, addressing misinformation about their status.…
The House of Representatives has called on the Central Bank of Nigeria (CBN) to resolve the ongoing cash shortage in commercial banks, which is disrupting economic…
The Central Bank of Nigeria (CBN) has refuted claims of selling foreign exchange (FX) to eligible bureau de change (BDC) operators at a rate of N1,301…
The Naira has rebounded, gaining strength against the dollar at the official foreign exchange market just a day after experiencing depreciation. According to Central Bank of…
The naira settled at N1,538.50 per dollar in the foreign exchange market, marking a slight depreciation after a streak of appreciation. According to the Central Bank…
The naira recorded a notable appreciation against the dollar in the parallel foreign exchange market on Wednesday. Abubakar Alhassan, a Bureau De Change operator at Wuse…