The Central Bank of Nigeria (CBN) has announced a comprehensive review of the allocation of terminals to Pre-Shipment Inspection Agents (PIAs) and their oversight by Monitoring and Evaluation Agents (...
The naira on Monday appreciated in the official foreign exchange (FX) market as the Central Bank of Nigeria (CBN) accounted for the highest dollar inflows of 39.85 percent in the Nigerian Foreign Exch...
Nigeria’s Central Bank (CBN) has reinstated Jimoh Musa Itopa, a director in the Payments System Management Department (PSMD). His return signals a significant leadership change in the crucial departme...
The Central Bank of Nigeria (CBN) has raised concerns over the increasing trend of illicit transactions involving banknotes, warning that the practice threatens the stability of the financial system. ...
Olayemi Cardoso, the CBN governor, spoke at the bank’s security workshop held in Abuja on Thursday. The event was attended by security and law enforcement agencies. Speaking at the event, Cardoso said...
Nigerian consumer goods firms are grappling with soaring finance costs which surged by 56 percent in 2024, as the central bank’s interest rate hikes push borrowing expenses to multi-year highs. Analys...
The House of Representatives has called on the Central Bank of Nigeria to suspend the implementation of the increment in Automated Teller Machine transaction charges given the economic situation in th...
Rising foreign direct investment (FDI) inflow and fast-growing gross domestic product (GDP) are indicators that the Nigerian economy is regaining its lost grounds faster than anticipated by analysts. ...
The appointments were said to have been made to bolster the apex bank’s operations in a number of policy-driven, regulatory and supervisory capacities. The directors are Jide-Samuel Avbasowamen, direc...
In apparent reflection of liquidity constraints in the interbank money market, banks’ borrowing from the Central Bank of Nigeria, CBN, rose by 171 percent month-on-month (MoM) to N24.81 trillion in ...
