The Central Bank of Nigeria (CBN) has denied instructing banks to restrict cryptocurrency accounts. In a post on X on Wednesday, CBN clarified that the circular did not originate from
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The Central Bank of Nigeria (CBN) has further reduced the foreign exchange (FX) rate for dollar allocations to bureau de change (BDC) operators. On Tuesday, the CBN, in a circular
Here are the top seven business stories you need to track this week — April 22 to April 26. NIGERIA SECURES $2.25BN WORLD BANK LOAN Wale Edun, minister of finance
The Central Bank of Nigeria (CBN) says it is doing everything possible to achieve a stable foreign exchange (FX) rate. Yemi Cardoso, CBN governor, spoke on April 20 during a
The Central Bank of Nigeria (CBN) says it has collaborated with International Money Transfer Operators (IMTOs) to collectively commit to
Commercial banks’ market capitalisation has depreciated by N1.74 trillion since the Central Bank of Nigeria (CBN) directed financial institutions to
The Nigeria Customs Service (NCS) has again adjusted the foreign exchange (FX) rate for duties to N1,147.02 per dollar. This
The Central Bank of Nigeria (CBN) has denied selling foreign exchange (FX) to bureau de change (BDC) operators at the
The Central Bank of Nigeria (CBN) has announced a downward review of the loan-to-deposit ratio (LDR). CBN reduced the LDR
Nigeria’s foreign reserves fell to $32.29 billion on April 15 — the lowest level in over six years. According to
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