The Central Bank of Nigeria (CBN) has issued a new directive mandating all Point of Sale (PoS) terminals nationwide to be geo-tagged as part of the attempt to curb fraud, improve supervision, and rati...
President Bola Tinubu says his administration has successfully eliminated corruption from Nigeria’s foreign exchange market through ongoing economic reforms that have improved transparency and c...
The Central Bank of Nigeria (CBN) used approximately $669 million in foreign exchange interventions during the first quarter of 2025 in a bid to prop up the naira from further weakening. In a report b...
CBN Governor Olayemi Cardoso has referred to recent visits by JP Morgan’s senior management, Citi Bank, and the International Monetary Fund (IMF) as a clear indicator of growing investor confide...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has outlined key economic priorities for 2025, focusing on foreign exchange (FX) stability, inflation moderation, and economic ...
The Central Bank of Nigeria (CBN) has set its sights on reducing inflation to single digits in the medium to long term, according to CBN Governor Olayemi Cardoso. Speaking in Abuja after the 299th Mon...
The Central Bank of Nigeria (CBN) has announced a review of ATM transaction fees, with the new charges set to take effect on March 1, 2025. The revision is aimed at addressing rising operational costs...
The Central Bank of Nigeria (CBN) has authorized the inclusion of the CFA franc on Nigeria’s export proceeds (NXP) form, facilitating the repatriation of funds from transactions conducted in thi...
Nine Deposit Money Banks (DMBs) were sanctioned by the Central Bank of Nigeria (CBN) for neglecting to provide Naira notes via automated teller machines (ATMs) during the Yuletide season. Following sp...
