In a development yet to be confirmed, President Bola Tinubu is reportedly retracting the nomination of Dr. Ruby Onwudiwe as a member of the Central Bank...
In a bid to address the looming threat to food security, the Central Bank of Nigeria (CBN) has announced the resumption of its funding intervention in...
The Presidency discloses that numerous approvals for fund releases within the Central Bank of Nigeria (CBN) during Godwin Emefiele’s tenure lacked the signature of former...
The Central Bank of Nigeria (CBN) has reported a substantial increase in foreign exchange inflow for February 2024. This surge is attributed to a significant rise...
As the March 1st deadline set by the Central Bank of Nigeria (CBN) for linking all bank accounts to National Identity Numbers (NIN) passed last Thursday,...
In a move reflecting the dynamics of the foreign exchange market, the Nigerian Customs Service (NCS) has announced a 5.3% reduction in its foreign exchange...
In a sweeping move to enhance financial security and Know Your Customer (KYC) protocols, the Central Bank of Nigeria’s directive is set to impact over 70...
The Central Bank of Nigeria (CBN) has revoked the operational licences of 4,173 Bureaux De Change operators in the country. The bank said the affected institutions...
The Nigerian naira witnessed a positive shift, reaching N1,595.11 per dollar in the official Nigerian Foreign Exchange Market (NAFEM) on Wednesday. This represents a significant appreciation...
Nigerian banks are struggling with the Central Bank of Nigeria’s (CBN) directive to link National Identity Numbers (NIN) and Bank Verification Numbers (BVN) to accounts. As...