Nigeria’s foreign exchange reserves have plummeted to $32.29 billion as of April 15, marking the lowest level in over six years, according to recent data released...
A dispatch rider named Monday Osazuwa appeared in the Special Offences Court in Lagos on Friday, providing testimony on his involvement in collecting cash for the...
Former Central Bank Governor, Godwin Emefiele, has been freed from custody after fulfilling the bail terms set by the court. He arrived at the Lagos High...
In a continuation of the ongoing disengagements at the Central Bank of Nigeria (CBN), 50 additional staff members were dismissed on Monday, according to reports. The...
The Customs exchange rate utilized for calculating import duty at Nigerian seaports has been adjusted from N1,246.66/$ to N1,238/$1. This reduction of N6.14 within two days...
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...
The Nigerian naira witnessed a surge against the dollar on Monday, appreciating to N1,120 per dollar in the parallel section of the foreign exchange (FX) market....
The former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has appeared at the Lagos State High Court in Ikeja for his arraignment on...
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...