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CBN: Overseas remittances hit $1.3bn in February — over 400% increase from January

    CBN: Overseas remittances hit $1.3bn in February — over 400% increase from January

The Central Bank of Nigeria (CBN) says foreign exchange inflow into the country increased significantly in February 2024. Hakama Sidi-Ali, CBN’s acting director of corporate communications, spoke to journalists in

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CBN partners blockchain firm to boost eNaira adoption

    CBN partners blockchain firm to boost eNaira adoption

The Central Bank of Nigeria (CBN) has signed a memorandum of understanding (MoU) with Gluwa, a blockchain firm, to drive the increased adoption of eNaira, Nigeria’s digital currency. On October

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Submit returns or face sanctions, CBN warns mortgage, microfinance banks

    Submit returns or face sanctions, CBN warns mortgage, microfinance banks

The Central Bank of Nigeria (CBN) has warned all development finance institutions (DFIs), primary mortgage banks (PMBs), and microfinance banks (MFBs) in the country regarding the late submission of regulatory

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SEC to issue new anti-money laundering regulations for digital assets operators

    SEC to issue new anti-money laundering regulations for digital assets operators

The Securities and Exchange Commission (SEC) says it has developed new guidelines for licensing, registration and screening of digital and virtual assets service providers (VASPs). According to the Central Bank

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Effects of Nigeria’s economic crisis to last for next five years, says Moghalu

  Effects of Nigeria’s economic crisis to last for next five years, says Moghalu

Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), says the effects of the current economic crisis

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CSO asks Tinubu to restructure CBN management to address economic crises

  CSO asks Tinubu to restructure CBN management to address economic crises

The Nigerian Unemployed Youth Vanguard, a civil society organisation (CSO), has asked President Bola Tinubu to restructure the management team

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Obaseki to CBN: Increasing interest rate will not lead to economic growth

  Obaseki to CBN: Increasing interest rate will not lead to economic growth

Godwin Obaseki, governor of Edo state, says fundamentally and fiscally, an increase in the monetary policy rate (MPR) will not

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VAT report, PH-Aba train services… 7 business stories to track this week

  VAT report, PH-Aba train services… 7 business stories to track this week

Here are the seven top business stories you need to track this week — March 4 to March 8. NBS

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CBN revokes licences of 4,173 BDCs

  CBN revokes licences of 4,173 BDCs

The Central Bank of Nigeria (CBN) has revoked the licences of 4,173 bureau de change (BDC) operators for failing to

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Cardoso assures investors of robust FX supply, says remaining backlog will be cleared soon

  Cardoso assures investors of robust FX supply, says remaining backlog will be cleared soon

The Central Bank of Nigeria (CBN) says it will ensure that the outstanding foreign exchange (FX) liabilities will be cleared

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