Tag: CBN

The naira depreciated marginally on Tuesday, closing at N1,532.39/$1 in the official market, a 0.07% drop from the previous rate ...

The naira closed Monday’s trading session at N1,531.19/$1 in the official market, appreciating by 0.37% from its previous close of ...

The naira remained stable against the dollar on Thursday, closing at N1,530.62/$1, nearly unchanged from Wednesday’s rate of N1,530.52/$1. According ...

The naira gained 0.15% against the US dollar on Wednesday, closing at N1,530.52/$1, up from N1,532.93/$1 on Tuesday. The currency ...

The Nigerian naira had a comeback on Friday, closing at ₦1,517.93/$1 in the official market after a 2.1% appreciation from ...

The Naira closed at N1,550.36/$1 on Thursday, down from N1,538.68/$1 the previous day. This was disclosed in the currency exchange ...

Instead, it will be integrated into the new platform alongside other payment solution providers

Public institutions in Nigeria have a knack for policy inconsistency. They can aggressively pursue a course of action one moment ...

The decision, which is the first hold in three years, was announced by the Governor of the CBN, Yemi Cardoso, ...

With 311.6 million active bank accounts in Nigeria, even a single monthly withdrawal per account could generate huge profits

Added to this, if the ATM is located off-site—outside a bank’s premises—users will incur a surcharge of up to ₦500 ...

Central Bank of Nigeria’s quarterly statistical bulletin indicates that the indebtedness of the telecommunication companies (telcos) and the other ICT ...

The economy grew by 3.46 per cent in Q32024, with output reaching ₦20.115 trillion, up from 3.19 per cent (₦18.285 ...

…aims to promote a cashless economy and enhance financial transparency in agency banking operations

Amid liquidity challenges in the financial sector, Nigerian banks borrowed an estimated N9.97 trillion from the Central Bank of Nigeria ...