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 […]
Central Bank of Nigeria
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