The naira weakened against the United States dollar on Monday, dropping to ₦1,395 per dollar in the parallel market from ₦1,386 recorded last Friday. The local...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s benchmark interest rate at 26.5 per cent. CBN Governor, Olayemi...
The naira showed a mixed performance on Tuesday, recording a slight gain in the parallel market while weakening at the official window. In the parallel market,...
The Chartered Risk Management Institute of Nigeria has commended the Central Bank of Nigeria for introducing enhanced regulatory measures aimed at strengthening the security of Nigeria’s...
The Central Bank of Nigeria (CBN) has approved an increase in the cost of issuing and replacing Automated Teller Machine (ATM) debit and credit cards to...
The Central Bank of Nigeria (CBN) has dismissed as false a viral image circulating on social media, which purportedly shows a newly introduced N5,000 banknote featuring...
Flutterwave has announced that it has obtained a banking licence from the Central Bank of Nigeria (CBN), clearing the way for the company to operate as...
The Central Bank of Nigeria (CBN) has moved to calm public concerns, assuring Nigerians that Union Bank Plc remains stable and fully operational. In a statement...
In a landmark decision, a federal high court in Lagos has declared that the Central Bank of Nigeria (CBN) exceeded its authority when it removed the...
The Central Bank of Nigeria (CBN) has directed all international money transfer operators (IMTOs) to open naira settlement accounts and ensure that all remittance transactions are...