The Central Bank of Nigeria (CBN) has instructed banks to dismiss the initial ban on cryptocurrency that was imposed two years ago. Haruna Mustapha, the Director...
President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, has asserted that if the immediate past Governor of the Central Bank of Nigeria (CBN),...
In response to the ongoing Naira scarcity crisis, the Central Bank of Nigeria (CBN) has issued a stern warning, threatening sanctions against banks and Point of...
The Special Investigator appointed by President Bola Tinubu to probe the Central Bank of Nigeria (CBN), Jim Obazee, has uncovered a web of financial misconduct involving...
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...
Bank customers faced heightened frustration yesterday as Naira scarcity persisted, leading more banks to ration cash withdrawals. In response to the crisis, Point of Sale Operators...
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 Nigerian manufacturing sector faces a significant setback as it contends with a staggering 400% surge in net foreign exchange losses, totaling N466 billion in the...
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...
The Nigerian naira plummeted to an unprecedented low of N1,099.05 against the US dollar in the official Investor and Exporter forex window on Friday. This marks...