
The Central Bank of Nigeria (CBN) has scrapped restrictions on cash deposits and raised the weekly cash withdrawal limit for individuals to N500,000, up from N100,000,...

Nigeria’s external position has strengthened significantly on the back of a sharp rise in the current account balance, which grew by more than 85 per cent...

Nigeria’s financial sector recorded major developments on Tuesday as the Central Bank of Nigeria (CBN) confirmed that sixteen banks have fully met its revised capital requirements,...

The Central Bank of Nigeria has reaffirmed its commitment to deeper collaboration with fiscal authorities to strengthen the nation’s financial system. The Deputy Governor, Ms. Emem...

Nigeria’s foreign exchange reserves have surged to $46.7 billion, marking the highest level in seven years, the Central Bank of Nigeria (CBN) announced on Tuesday. The...

The Central Bank of Nigeria (CBN) has tightened regulatory control over the country’s fast-growing agent banking sector, imposing steep penalties on super agents, financial institutions, and...

Chief Executive Officer of BIC Consultancy Services, Dr. Boniface Chizea has welcomed the Central Bank of Nigeria’s decision to reduce its Monetary Policy Rate (MPR) by...

The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate to 27 per cent, marking the first cut in five years. The decision, announced...

Nigeria’s diaspora remittances have risen sharply to $600 million per month in the last two months, representing a 200 percent increase from previous levels, according to...