The Governor of the Central Bank of Nigeria, Godwin Emefiele has threatened that it will shut down the operations of Aboki FX and go after its...
The Central Bank of Nigeria (CBN) has denied a report that it is planning to convert foreign currencies in the domiciliary accounts of bank customers to...
The Central Bank of Nigeria has directed all commercial banks to publish on their websites the names and Bank Verification Numbers of customers who engage in...
The Central bank of Nigeria (CBN) has prohibited MicroFinance Banks (MFBs) from executing foreign exchange transactions, citing concerns on their financial capability to handle such. This...
The Central Bank of Nigeria (CBN) has been granted permission to freeze accounts of six fintech companies. A federal high court in Abuja gave the order...
The Central Bank of Nigeria (CBN) has stopped forex sales to Bureau De Change (BDC) operators in the country. The Central Bank Governor, Godwin Emefiele announced...
When in February, the Central Bank of Nigeria (CBN) directed banks and other financial institutions to cease transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges,...
The Central Bank of Nigeria (CBN) has agreed in principle to mint The Gambian Dalasi. CBN Governor, Mr. Godwin Emefiele, agreed to the currency minting proposal...
The Central Bank of Nigeria (CBN) has unveiled plans to launch a digital currency before December. The Director, Information Technology, CBN, Ms. Rakiya Mohammed, made the...
The Central Bank of Nigeria (CBN) has announced the increase of foreign exchange (forex) allocations to banks to meet the requests of customers, particularly travellers, seeking...
The Central Bank of Nigeria (CBN) has officially adopted the Nigerian autonomous foreign exchange (NAFEX) rate — weakening the naira by 8 percent to N410.25/$1 according...
A Central Bank statistic released on Monday has shown that currency in circulation dropped by N10billion from N2.81trillion as of the end of March to N2.8trillion...