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 …
CBN
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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 …
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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. …
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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 …
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Nigeria’s largest industrial conglomerate, Dangote Industries Limited (DIL), has announced that it has repatriated over $687 million from its pan-African operations to Nigeria, in addition to a $111 million cash …
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Banks in Nigeria have witnessed a significant surge in their borrowings from the Central Bank of Nigeria (CBN), particularly from the Standing Lending Facility (SLF). According to the latest data, …
