Former President Goodluck Jonathan has denied claims made by the 16th Emir of Kano, Muhammadu Sanusi II, regarding an alleged $49.8 billion missing during his administration.…
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The Central Bank of Nigeria (CBN) has announced the sale of $20,000 to each eligible Bureau De Change (BDC) operator in the country at an exchange…
Prominent figures in the Nigerian business and economic sector have opposed the recent increase in interest rate by the Central Bank of Nigeria Monetary Policy Committee.…
The Central Bank of Nigeria has increased the Monetary Policy Rate (MPR) to 27.25% from 26.75%, marking a 50 basis point rise. Olayemi Cardoso, the CBN…
Nigeria’s external reserves reached a 22-month high of $37.31 billion, indicating a significant increase in foreign inflows into the country’s economy. According to the Central Bank…
The Central Bank of Nigeria (CBN) has temporarily withdrawn its biennial publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the fiscal years 2024–2025…
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…