CBN Mandates FX Code Compliance by Dec 31, 2024
Central Bank of Nigeria Takes Step Towards Better Foreign Exchange Regulation As part of its efforts to strengthen Nigeria’s foreign […]
Central Bank of Nigeria
CBN Partners with Microfinance Banks to Boost Economic Growth
Nigeria’s Central Bank Partners with Microfinance Banks to Boost Economic Growth The Central Bank of Nigeria (CBN) has announced a
CBN Sells $20,000 to BDC Operators to Meet Demand
The Central Bank of Nigeria Announces Fresh Foreign Exchange Sales to Bureau De Change Operators In a bid to boost
CBN Directs PoS Operators to Route Transactions Through Licensed Aggregators
Nigeria’s Central Bank Directs Point of Sale Operators to Route Transactions Through Licensed Aggregators The Central Bank of Nigeria (CBN)
CBN’s FX Directive Eases Oil Industry Pushback as Oil Firms Settle Naira Obligations
Central Bank of Nigeria’s New Directive Sparks Pushback from Oil and Gas Industry The Governor of the Central Bank of
CAC Warns 4,173 BDCs of Certificate Cancellation Over Regulatory Noncompliance
Nigeria’s Central Bank and Corporate Affairs Commission Take Action Against Non-Compliant Bureau De Change Operators In a move to maintain
Naira Depreciates by Over 40% in Early 2024 Amid Currency Market Volatility
ABUJA, NIGERIA (Media Talk Africa) — The Nigerian Naira experienced a significant depreciation of over 40% in the first half
Nigeria’s Inflation Expected to Ease as Reforms Attract $24 Billion Inflow, Says CBN Governor
The Central Bank of Nigeria (CBN) has projected a moderation in the country’s inflation in the coming months, driven by
SEC Nigeria Issues Framework for Banking Sector Capitalisation Programme 2024
The Securities and Exchange Commission has issued its Framework on Banking Sector Capitalisation Programme, 2024. The framework, released on the
Central Bank of Nigeria Reassures Public Amidst Banking Concerns
The Central Bank of Nigeria (CBN) has once again affirmed the safety of deposits and the resilience of the banking
Currency in Circulation Hits N3.97tn in May
The currency’s value in circulation has risen to N3.97tn at the end of May, representing an all-time high and a
Federal Government Gives Two-Month Deadline for Registration of POS Operators
The Federal Government, through the Corporate Affairs Commission (CAC), has mandated Point of Sales (POS) companies to register their agents,
Central Bank of Nigeria Introduces 0.5% Cybersecurity Levy on Electronic Transactions
The Central Bank of Nigeria (CBN) has issued a directive instructing all banks to impose a 0.5% cybersecurity levy on
CBN Governor Clarifies Decline in Foreign Reserves, Focuses on Market Forces
The Central Bank of Nigeria has shed light on the recent decline in the nation’s foreign exchange reserves, clarifying that
ABCON Supports CBN Directive on Domiciliary Accounts, Calls for Policy Upgrade
The Association of Bureaux de Change Operators of Nigeria has thrown its weight behind the Central Bank of Nigeria’s decision
CBN’s Recapitalisation Move: Ensuring Stability & Growth in Nigerian Banks
The recent decision by the Central Bank of Nigeria to recapitalize banks has received support from the Centre for the
CBN’s Effective Monetary Policy Results in $1.5bn Inflows, Naira Gains
The Central Bank of Nigeria has announced a significant boost to the Nigerian economy, with over $1.5 billion flowing in
Nigeria’s Interest Rate Hike to 24.75% Sparks Inflation Concerns
The recent decision by the Central Bank of Nigeria to increase the Monetary Policy Rate (MPR) from 22.75 per cent
CBN MPC Raises MPR by 200 Basis Points in March 2024 Meeting
The Central Bank of Nigeria’s Monetary Policy Committee recently wrapped up its two-day meeting for March 2024, making it the
CBN Resumes Sale of $10,000 to BDCs at N1,251/$1 Rate
The Central Bank of Nigeria has recently announced a significant development in the foreign exchange market, issuing a circular to