The Central Bank of Nigeria (CBN) has extended the recapitalisation deadline for Bureau de Change (BDC) operators by an additional…
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The Central Bank of Nigeria (CBN) has expressed its support for the upcoming annual conference of the Committee of e-Banking…
Nigeria’s oil imports experienced a sharp decline of 35% in the second quarter of 2024, according to a recent report…
The Central Bank of Nigeria (CBN) has announced a significant shift in its foreign exchange policy, granting commercial banks increased…
The International Finance Corporation (IFC) and the Central Bank of Nigeria (CBN) have announced a collaborative $1 billion investment initiative…
The Central Bank of Nigeria (CBN) has announced a strategic initiative aimed at increasing remittance inflows by engaging the Nigerian…
The Central Bank of Nigeria (CBN) has allocated a total of N1.73 trillion for food imports over the past six…
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have imposed sanctions on 10 banks for…
The Central Bank of Nigeria (CBN) is currently verifying disputed foreign exchange claims amounting to $2.4 billion, according to the…
The exchange rate for import duties collection by the Nigeria Customs Service (NCS) has risen to N1601.84/$ on the back…
The Central Bank of Nigeria (CBN) has reported a 39% increase in inflows through International Money Transfer Operators (IMTOs) for…
The average spot price of Nigeria reference crude oil (bonny light) stood at $85.68 in the first quarter of 2024-…
The federal government has raised N225.714 billion in the July 2024 bond auction, which is about 75% of its target…
The Nigerian Vice President, Kashim Shettima, has said that the federal government is committed to bringing over 30 million unbanked…
In recent weeks, a series of monetary policy decisions have seen central banks across Africa hold benchmark interest rates, as…
The Central Bank of Nigeria (CBN) has announced the sale of $106.5 million as foreign exchange (FX) to 29 FX…
KuCoin, a leading cryptocurrency exchange in Nigeria, announced it would resume a 7.5% Value Added Tax (VAT) on all crypto…
The Corporate Affairs Commission (CAC) has asked the 4,173 Bureau De Change companies whose licences were recently revoked by the…
The Central Bank of Nigeria says it will discontinue the foreign exchange price verification system portal used by importers from…
The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that the country recorded a total foreign…