The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market. Some Bureau de Change (BDCs)...
The official website of the upcoming Central Bank of Nigeria’s (CBN) digital currency, the eNaira portal, has gone live, exactly one week to the planned launch...
The Central Bank of Nigeria (CBN) has announced plans to set up the Nigerian International Financial Centre (NIFC) to act as a gateway for funds and...
External reserves depletes by $180m in two weeks The Central Bank of the Nigeria (CBN) has revealed that the country’s external reserves lost $180...
N15trn InfraCo begins operation this quarter The N15 trillion Infrastructure Corporation of Nigeria (InfraCo) will begin operations in the third quarter of this year,...
CBN authorises payment service banks in Nigeria to sell dollars The Central of Nigeria (CBN) has released supervisory framework for payment service banks (PSB)....
CBN orders PSBs to report suspicious transactions The Central Bank of Nigeria (CBN) has ordered the Payment Service Banks to report suspicious transactions to the...
CBN DATA: Credit to private sector hits N32.2trn in May Amid banks lending to real sector, the Central Bank of Nigeria (CBN) has disclosed...
Foreign reserves shed $2.3bn in H1 amid rising oil price The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s foreign reserves dropped by...
Mass metering first phase to gulp N60bn, says FG The Central Bank of Nigeria (CBN) is providing N60 billion for one million electricity...
