To halt the fresh panic building over the fate of the naira, the Central Bank of Nigeria (CBN) is set to disburse another tranche of liquidity intervention to 1,583 Bureau de Change operators.

Nigeria said it will partner with leading International Money Transfer Operators (IMTOs), to double remittance flows into the country. The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, made this disclosure in a statement on Monday. Cardoso said this during a press conference that was held at the International Monetary Fund (IMF) and…

The president of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said the recovery of the naira against the dollar and other foreign exchange is happening faster than expected. Gwadabe said this during a phone-in interview on Channels Television’s ‘Business Incorporated’ programme on Tuesday. Gwadabe said as of Tuesday afternoon, Bureau…

The National Identity Management Commission (NIMC) recently rolled out plans to launch an improved National Identity Card (NIC) layered with payment capabilities and functionalities to deliver social service programmes. The move, according to NIMC is in collaboration with the Nigeria Inter-bank Settlement System (NIBSS) and the Central Bank of Nigeria (CBN) through AFRIGOPAY Financial Services.…

The Central Bank of Nigeria (CBN) has continued its sacking spree after 50 more staff were reportedly laid off on Monday. The latest round of disengagements at the Apex Bank took the number of affected staff to 117 within a space of three weeks. Since Olayemi Cardoso was appointed by President Bola Tinubu as CBN…

President Bola Ahmed Tinubu has commended former Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), Mr. Jim Obazee, for his services as the Special Investigator of the Central Bank of Nigeria (CBN) and other related entities, upon his appointment on July 28, 2023.

The Central Bank of Nigeria (CBN) has slashed customs import duties on cargoes imported into the country at the nation’s seaports and airports seven times within the space of two weeks.

Nigeria’s electricity Distribution Companies (DisCos) may have spent an average of N670,000 to purchase each prepaid meter and other accessories through a N273.3 billion facility obtained from the Central Bank of Nigeria (CBN).

The Central Bank of Nigeria (CBN) reported a significant increase in foreign exchange inflow into the economy in February.

National Institute of Credit Administration (NICA), has again reiterated the essence of a well-functioning consumer credit system, which facilitates the acquisition of goods and services on credit, thereby diminishing the dependency on cash transactions.

The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to declare their forex sources.

The Senate has confirmed the nominations of 12 members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) after the consideration of a report by the Committee on Banking, Insurance and other Financial Institutions.