The CBN has received plaudits from the Association of Bureau De Change Operators of Nigeria for exempting the operators from ...

A new CBN report shows that high bank charges posed a major challenge to businesses in 2024. Rising inflation has further ...

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the apex bank’s commitment to maintaining ...

The naira has continued its gains against the US dollar in the official and black market windows, gaining N10 and N11 naira ...

The Central Bank of Nigeria says it is finalizing the verification process for the remaining $2.4 billion foreign exchange (FX) backlog.

Central Bank Governor Olayemi Cardoso has said that the year-long fx verification uncovered high level of unethical practices ...

BDC operators have commenced discussions on mergers and acquisition (M&A) in order to meet the recapitalisation deadline set ...

CBN Governor Cardoso has launched the Nigeria FX Code to enforce ethical practices, transparency, and governance in the FX ...

The FX Code is backed by the CBN Act of 2007 and the Banks and Other Financial Institutions Act (BOFIA) of 2020, which provide a robust legal framework for imposing sanctions on violators. Cardoso ...

By Arize Nwobu Central banks are at the heart of the economy and they evolve monetary policies to keep a nation’s currency and economy stable. But it has been observed that central banks are often ...

A  Central Bank of Nigeria, CBN, survey report has shown that lenders experienced high loan default rate in the fourth ...

The Central Bank of Nigeria (CBN) has directed participants in the foreign exchange (FX) market to submit a compliance report ...