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...
Nigeria’s external reserves lost $350million in two weeks, falling to $34.9bn on April 29 from a high of $35.25bn as of April 16. Figures obtained from...
Bauchi State Governor, Senator Bala Mohammed, Thursday warned that Nigeria will be in chaos and financial hardship if the NNPC does not rethink its decision to...
Central Bank of Nigeria (CBN) Governor Godwin Emefiele has said printing money is a cardinal job of the lenders. Emefiele, on the official twitter handle of...
The Central Bank of Nigeria, CBN, has imposed foreign exchange, forex, restriction on the importation of sugar and wheat into the country. “Sugar and Wheat to...
