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. …
CBN
-
-
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 …
-
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 …
-
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 …
-
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 …
-
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 …
-
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 …
-
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 …
-
The Central Bank of Nigeria (CBN) is expected to maintain a tight monetary policy stance in 2024 to curb inflation, which has been soaring to record levels in recent months. …
-
The Central Bank of Nigeria (CBN) has issued a new directive that requires all bank customers to have their Bank Verification Numbers (BVN) and National Identity Numbers (NIN) linked to …
