The Nigerian naira witnessed contrasting trends in various foreign exchange markets. The parallel market saw a decline as the naira slipped to N1,265 against the US...
In a bid to optimize its operational environment, the Central Bank of Nigeria (CBN) has initiated a decongestion action plan, relocating some departments to Lagos State,...
In a swift move following the dissolution of the boards of Polaris, Union, and Keystone banks, the Central Bank of Nigeria (CBN) has appointed new executives...
The Central Bank of Nigeria (CBN) has announced the immediate removal of the entire Board of Directors of four prominent banks: Polaris, Titan, Union, and Keystone....
In a positive development for the Nigerian economy, the Naira has registered its third consecutive gain against the US dollar at the official foreign exchange market....
Recent developments in Nigeria’s financial sector indicate a deepening cash crunch, despite the Central Bank of Nigeria (CBN) taking steps to alleviate the situation. The scarcity...
In a tumultuous year marked by economic highs and lows, Nigerians grappled with the impact of President Bola Ahmed Tinubu’s major economic policies, notably the...
The Naira experienced a significant depreciation against the US dollar in Wednesday’s forex market session. According to official data released by FMDQ, the Naira opened at...
The Central Bank of Nigeria (CBN) has announced the suspension of processing fees on cash deposits exceeding N500,000 until April 30, 2024. The directive was conveyed...
The Central Bank of Nigeria (CBN) has responded to the recent shortage of naira notes, shedding light on the causes behind the scarcity. This clarification comes...