House of Representatives ad hoc committee probing the retirement of over 1,000 staff of the Central Bank of Nigeria (CBN) has read the riot act to the governor of the apex financial institution, Mr Yemi Cardoso, over his failure to honour its invitation.

A few months after most banks claimed to have upgraded their digital infrastructure to serve their customers better, their services have deteriorated with users experiencing what appear to be the worst offerings seen so far.

With summer holidays and foreign school tuition payment pressure now at their tail ends, market analytics have suggested that the bleeding naira may have a breather ahead.

With the addition of 850 basis points to the monetary rate, food inflation soaring by 7.13 per cent, core inflation up by 5.98 per cent, and the naira sliding to its lowest band at N1,600 exchange rate for a dollar

Nigeria's money supply has grown by 62.8 per cent year-on-year (YoY) in September 2024, despite the tightening stance of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to mop up excess liquidity to control inflation.

The International Finance Cooperation (IFC), a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing. According to a statement by CBN’s Acting Director, Corporate Communications Department, the agreement is to enable private businesses in Nigeria to grow and thrive. Sidi-Ali said that…

Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, and the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, are optimistic that ongoing efforts will flip the foreign exchange (FX) soon and see the naira gaining significantly against the dollar.

Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, said NNPC Limited, like every “other customer”, is free to buy dollars from the foreign exchange market without any encumbrance.

The Federal Government has set up a committee for carbon market activation plan to position the country at the forefront of creating a robust and sustainable $2.5 billion carbon market.

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that Nigeria's reserves have risen to $39.12 billion as of October 11, 2024. The CBN governor said this translates to about a 12.74 percent increase from $34.70 billion at the end of June 2024. Cardoso said the growth was driven largely by…

The Central Bank of Nigeria (CBN) is retooling its regulatory frameworks to wean the foreign exchange market from institutional malpractices, raise the bar of transparency and increase the confidence level.

Data from the Nigeria Interbank Settlement System (NIBSS) showed that cashless transactions in Nigeria rose by 84.37 per cent to N572.63 trillion in the first seven months of 2024.