The Central Bank of Nigeria has prolonged the temporary approval granted to Bureau de Change operators to purchase foreign exchange from the Nigerian Foreign Exchange Market...
The Central Bank of Nigeria (CBN) has announced that the forensic verification of the $7 billion foreign exchange (FX) backlog is nearing completion. This significant development...
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has confirmed that only verified claims from the $7 billion foreign exchange backlog will be settled. He...
Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced on Wednesday that the Federal Government has successfully cleared the outstanding $7 billion foreign exchange backlog...
The Central Bank of Nigeria (CBN) has directed participants in the foreign exchange (FX) market to submit a compliance report on adherence to the Nigeria FX...
The Central Bank of Nigeria (CBN) has imposed a total fine of N1.35 billion on nine banks for failing to ensure cash was available through automated...
In 2024, Nigerian banks reported impressive profits, driven by a combination of a new recapitalisation exercise and regulatory shifts, including the dissolution of boards/management and license...
Abuja – The Central Bank of Nigeria (CBN) has attributed a significant decline in oil revenue for the third quarter of 2024 to ageing pipeline infrastructure...