The Central Bank of Nigeria (CBN) has stated that the old N200, N500, and N1,000 banknote designs will continue to remain legal tender, ad infinitum. The...
Savemore Retail Technologies Limited, a Nigerian retail partner to HP International Inc. has dragged the latter to court in Nigeria over a breach of contract by...
The Central Bank of Nigeria (CBN) has debunked the notion that it digital currency, eNaira, constitutes threats to the financial stability of the country. CBN’s spokesman,...
By CSL Research Team According to the National Bureau of Statistics (NBS), total foreign capital importation into Nigeria in Q2 2023 was $1.03 billion, lower than...
By FBNQuest Research Team According to the most recent monthly economic report by the Central Bank of Nigeria (CBN), the federal government of Nigeria (FGN) recorded...
Total cash in circulation held by Nigerians and in the vaults of deposit money banks in the country stood at N2.7 trillion as of the end...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has deferred its 293rd meeting scheduled for Monday and Tuesday, September 25 and 26,...
By Gharny Yeku The last few months have proved Nigeria’s economy is more of Dollar than Naira economy. The dollar exchange rates unification and fuel subsidy...
The debt owed mobile network operators (MNOs) by deposit money banks (DMBs) over the use of the Unstructured Supplementary Service Data (USSD) has risen above N150...
By CSL Stockbrokers The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 25bps to 18.75% from...
By Umar Suleiman Justice Hamza Muazu of the Federal Capital Territory (FCT) High Court has ordered the Department of State Services (DSS) to charge the suspended...
The Central Bank of Nigeria (CBN) has said Nigerians can receive naira for diaspora remittances. The CBN gave the directive in a circular no TED/FEM/PUB/FPC/001/004 to...
The Centre for the Promotion of Private Enterprise (CPPE) has cautioned against the tendency to mistake the recent unification of naira exchange rates across various windows...
The Central Bank of Nigeria (CBN) has announced the official unification of all segments of the forex exchange (FX) market to abolish differing exchange rate regime....
Breaking: DSS arrests Godwin Emefiele The Department of State Services (DSS) has reportedly arrested Godwin Emefiele, the Governor of Central Bank of Nigeria, who had just...
President Bola Tinubu has suspended Godwin Emefiele as the governor of Central Bank of Nigeria (CBN). “President Bola Ahmed Tinubu has suspended the Central Bank Governor,...
Awacash, a fintech platform, has recently received a microfinance bank license from the Central Bank of Nigeria (CBN), marking a significant achievement following its earlier acquisition...
All around the world, governments are trying to encourage cashless payments. Their reasons for doing so are multiple, including expanded financial inclusion and transparency, wanting to...
The average yield on Nigerian Treasury bills (NTB) rose moderately to 7% as cash tasty deposit money banks (DMBs), fund, and asset managers offloaded their holdings...
Telecommunications companies in Nigeria said they have received approval from the Nigerian Communications Commission (NCC) to disconnect Deposit Money Banks (DMBs) from using Unstructured Supplementary Service...
