The Nigerian Customs Service has announced a 5.3% reduction in its foreign exchange rate for customs duties collection, setting it at N1,544.081 per US dollar in...
The Central Bank of Nigeria has unveiled new guidelines for Bureau De Change in an effort to address the ongoing foreign exchange challenges in the country....
A senior official from the Central Bank of Nigeria, Michael Onyeka Ogbu, provided insights into why the apex bank released $6,230,000 for the payment of international...
The Senate’s Committee on Banking, Insurance, and other Financial Institutions has summoned the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to appear before it...
The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, stated that the naira is currently undervalued, and efforts are being made to ensure the...
The Chief Whip of the Senate, Senator Ali Ndume, has issued a stern warning, declaring that there will be political repercussions if President Bola Tinubu does...
The Arewa Youth Consultative Forum has strongly condemned recent moves by the federal government to relocate crucial departments of the Central Bank of Nigeria and the...
A former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu, has responded to reports of internal discontent among CBN staff over the decision to...
The Central Bank of Nigeria, in the aftermath of the dissolution of the board of directors overseeing deposit money banks, has swiftly approved the appointments of...
The Central Bank of Nigeria has instituted new restrictions on cryptocurrency transactions, as revealed in recent guidelines pertaining to the operation of cryptocurrency accounts, termed Virtual...
The Central Bank of Nigeria has assured citizens of an ample supply of the currency, citing specific reasons for the apparent shortage In response to public...
The International Monetary Fund has recommended that the Central Bank of Nigeria raise interest rates in the upcoming Monetary Policy Committee meeting to tackle the country’s...
The Central Bank of Nigeria, Transmission Company of Nigeria, and power distribution companies is set to add 1,000MW to the national grid by May 2024. This...
The Central Bank of Nigeria has announced that the old naira banknotes of N200, N500, and N1,000 denominations will remain legal tender indefinitely. This decision reverses...
The Central Bank of Nigeria has reaffirmed that both old and redesigned banknotes remain legal tender in the country. The CBN issued this statement in response...