Nigeria’s embattled former Central Bank of Nigeria Governor, Godwin Emefiele, has been accused of illegally lodging billions of naira in at least 593 bank accounts in...
Global payment network processor, Mastercard, has launched its contactless payment solution in Nigeria, in line with the release of the “Exposure Draft of the CBN Guidelines...
The International Monetary Fund (IMF) has urged Nigeria’s central bank (CBN) to further hike Monetary Policy Rate (MPR). The IMF Director of Communications, Ms. Julie Kozack,...
The Central Bank of Nigeria (CBN) has revealed it will freeze bank accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from March...
Nigeria’s central bank governor, Olayemi Cardoso, has promised that the apex bank will tighten policy over the next two quarters to manage inflation in the country....
A Federal High Court in Abuja, Nigeria’s capital city, has ordered the Economic and Financial Crimes Commission (EFCC) to immediately release the former Governor of the...
Nigeria’s oil revenue target for May dropped from N804 billion to N223 billion, a 72% reduction in government earnings, according to statistics from the Central Bank...
Data from Nigeria’s central bank has revealed that the Nigerian government debt from the bank through the Ways and Means Advances fell to N4.36 trillion after...
The Central Bank of Nigeria plans to intervene in the country’s foreign exchange market occasionally to boost liquidity. The bank also revealed it was ending an...
Multilateral body, the World Bank has said that Nigeria’s currency, the Naira, is among the worst-performing currencies in Africa. The bank explained in its report titled,...