The Central Bank of Nigeria (CBN) dismissed claims that it had launched N5,000 and N10,000 banknotes to aid cash transactions as untrue in a message shared…
Browsing: Central Bank of Nigeria
Despite the Central Bank of Nigeria (CBN) prohibiting cryptocurrency trading, Nigerians transacted approximately $59 billion in crypto assets between July 2023 and June 2024, according to…
President Bola Tinubu has nominated Melvin Ayogu for a position on the Central Bank of Nigeria (CBN) board and has requested Senate confirmation for the appointment.…
The Socio-Economic Rights and Accountability Project (SERAP) has given the Central Bank of Nigeria (CBN) 48 hours to reverse the recent hike in Automated Teller Machine…
The Central Bank of Nigeria (CBN) has approved the inclusion of the CFA Franc in the Nigeria Export Proceed (NXP) forms, a move that streamlines the…
The Central Bank of Nigeria (CBN) has failed in its attempt to dismiss a Freedom of Information (FOI) suit requesting details of demonetised coins. The Court…
Cash has remained scarce across the geopolitical regions of Nigeria, in spite of the Central Bank of Nigeria instructing deposit cash banks to protect against artificial…
Nigeria saw a significant drop in oil imports in Q2 2024, with figures falling by 35% to $2.79 billion, down from $4.31 billion in Q1, according…
Nigeria is considering issuing a diaspora bond in the United States to strengthen its ties with Nigerian expatriates and increase remittance inflows to $1 billion per…
Despite earlier predictions of a decline, Nigeria’s FX reserves rose to $35.93 billion as of July 18th, an increase of $160 million from the previous day’s…