The Nigerian naira has staged a remarkable recovery against the US dollar in the past week, thanks to a series of policy measures by the Central Bank of Nigeria (CBN)…
CBN
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The former vice president of Nigeria, Atiku Abubakar, has criticized President Bola Tinubu’s order to the Central Bank of Nigeria (CBN) to take over the responsibility for crude oil sales…
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The Central Bank of Nigeria (CBN) has announced a major restructuring of its operations, moving some of its key departments from its Abuja headquarters to Lagos, the country’s commercial hub.…
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Nigeria’s central bank is expected to raise the rates of its Open Market Operations (OMO) bills this year, as part of its strategy to combat the high inflation rate that…
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Nigeria’s currency, the naira, has lost nearly 40 percent of its value against the US dollar in the past three months, sparking fears of more economic woes and job losses…
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The Nigerian naira started the year 2024 on a dismal note, losing 8.23 percent of its value against the US dollar at the official market on Tuesday. According to data…
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The former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is facing charges of fraud and money laundering for allegedly using proxies to acquire two banks with ill-gotten…
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Nigeria’s central bank has lifted its restrictions on virtual assets service providers (VASPs), allowing them to operate bank accounts and offer services to customers who deal in cryptocurrencies. The Central…
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LAGOS, Nigeria – Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), is facing new criminal charges over his role in the controversial naira redesign policy that…
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Nigerians are facing a severe cash crunch as they prepare for the Christmas festivities, with many banks rationing cash over the counter and ATMs running out of money. The…