The Central Bank of Nigeria (CBN) has ordered all acquirers, processors and payment terminal service providers (PTSPs) to establish mandatory dual connectivity with both the Nigeria...
The Central Bank of Nigeria (CBN) has granted final operating licences to 82 Bureaux De Change (BDCs) under its revised regulatory framework, while warning Nigerians to...
The Central Bank of Nigeria (CBN) has announced major adjustments to the nation’s cash-handling regulations, removing the limit on cash deposits and raising the weekly cash...
The naira yesterday strengthened to N1,460 per dollar in the parallel market, improving from N1,470 per dollar recorded on Monday. The currency also appreciated in the...
The naira yesterday weakened in the parallel market, dropping to N1,474 per dollar from N1,465 recorded on Monday. However, at the Nigerian Foreign Exchange Market (NFEM),...
The monetary policy committee of the Central Bank of Nigeria has again maintained the monetary policy rate at 27 percent. CBN governor Olayemi Cardoso made the...
Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has revealed that the country’s foreign reserves have risen to over $46 billion. He made the announcement on...
The Naira strengthened slightly in the parallel market on Tuesday, trading at N1,462 per dollar compared to N1,465 on Monday. However, it weakened at the official...
A new report by Quartus Economics has called on the Central Bank of Nigeria (CBN) to introduce higher-value currency notes, such as N10,000 and N20,000 bills,...