President Bola Tinubu has officially closed the investigation of Jim Obazee, a special investigator appointed to look into the activities of the Central Bank of Nigeria...
The improper treatment of Naira notes represents a significant violation with far-reaching consequences, impacting both the economy and public health while jeopardizing the financial system’s integrity....
The Central Bank of Nigeria (CBN) has taken decisive action against fraudulent financial practices by blacklisting several fake loan applications that have been exploiting unsuspecting Nigerians....
The Nigeria Customs Service (NCS) laments that the volume of transactions in the first quarter of 2024 has been significantly impacted by the frequent adjustments of...
Nigerian commercial banks have instituted withdrawal limits on their automated teller machines (ATMs), with variations observed across different banks, according to an investigation by TheCable. This...
The Nigerian Naira appreciated significantly in the foreign exchange (FX) market as trading resumed after the Easter holiday, with rates dropping to ₦1,238.3 against the US...
The Central Bank of Nigeria (CBN) and other banking institutions have significantly bolstered the foreign exchange market by injecting an additional $2.5 billion over the past...
Prominent Nigerian economist, Bismark Rewane, has predicted a fall in the price of food items such as rice, bread and others in the coming days. Rewane...
The Central Bank of Nigeria (CBN) has said that it recorded an inflow of over $1.5 billion into the economy over the past few days. The...
The Nigerian Naira has depreciated in value at the official market, with the exchange rate falling to ₦1,309.39 to a dollar, according to the latest data...
The Central Bank of Nigeria (CBN) has released new minimum capital requirements for commercial, merchant and non-interest banks. In a statement on Thursday by its Acting...
The Central Bank of Nigeria (CBN), led by Governor Olayemi Cardoso, is actively investigating irregular foreign exchange transactions and forward contracts valued at approximately $2.4 billion....
The Central Bank Governor, Olayemi Cardoso, has stated that although the Security and Exchange Commission regulates Binance, the Central Bank has consistently shared information about the...
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate, which benchmarks interest rates, from 22.75 percent to 24.75 percent. The CBN Governor, Olayemi...
The Central Bank of Nigeria (CBN) has confirmed to the Bureau De Change operators (BDCs) that it sold $10,000 to each BDC at an exchange rate...
A former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has criticized the notion that the naira will stabilize at N400 to the...
Foreign airline operators in Nigeria have challenged the announcement by the Central Bank of Nigeria (CBN) that it has cleared all valid foreign exchange backlogs. Speaking...
The Central Bank of Nigeria (CBN) has revealed that a total of N10.3 trillion was disbursed as intervention funds under Godwin Emefiele. The apex bank said...
The Central Bank of Nigeria (CBN) has cleared the $7 billion foreign exchange (FX) backlog which was pending when Yemi Cardoso took over as the Governor...
The Central Bank of Nigeria (CBN) has lifted the restrictions on the importation of milk and dairy products. Naija News recalls that on February 11, 2020,...