The Central Bank of Nigeria (CBN) has raised the exchange rate for the Nigerian Customs Service’s duty collection by N163, bringing the new rate from N1,162/$...
In a recent address at the Spring Meetings of the IMF and the World Bank, Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria...
Nigeria’s foreign exchange reserves have plummeted to $32.29 billion as of April 15, marking the lowest level in over six years, according to recent data released...
In a continuation of the ongoing disengagements at the Central Bank of Nigeria (CBN), 50 additional staff members were dismissed on Monday, according to reports. The...
In a concerted effort to stabilize the Nigerian naira, the Presidency has thrown its weight behind the strategies implemented by Olayemi Cardoso, head of the Central...
The Central Bank of Nigeria (CBN) has announced a ban on the use of foreign currency as collateral for naira loans. This directive comes as part...
In a continued effort to restructure its operations, the Central Bank of Nigeria (CBN) has dismissed a fresh batch of 40 staff, primarily from the development...
Commercial banks in Nigeria are pressing the Central Bank of Nigeria (CBN) for a clearer directive regarding the treatment of retained earnings as the countdown to...
In a bid to bolster the resilience and stability of Nigeria’s financial system, the Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for...
In a move met with concern and apprehension, the Central Bank of Nigeria (CBN) announced a significant hike in the Monetary Policy Rate (MPR) from 22.75...