CBN, NGX unveil reforms to boost global investment
Nigeria’s financial regulators and market operators recently gathered at Nasdaq MarketSite in New York to share the country’s economic outlook, focusing on…
CBN
Cardoso reiterates CBN’s commitment to transparent monetary reforms
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Friday held a thought-provoking discussion with Nobel Prize-winning economist Dr. James…
CBN’s secret shoppers to monitor BDCs for compliance
The Central Bank of Nigeria has announced plans to introduce a secret shopper programme to assess compliance by Bureau De Change operators…
CBN warns banks to strengthen sanctions compliance framework
The Central Bank of Nigeria has issued a fresh directive to banks, payment service banks, and fintech firms, warning them to strengthen…
CBN permits Ascensia Finance to operate in Nigeria
The Central Bank of Nigeria has granted Ascensia Finance Company Limited final approval to operate as a finance company in Nigeria. This…
CBN warns banks against sourcing capital from illicit channels
The Central Bank of Nigeria has cautioned deposit money banks against sourcing capital from illicit channels as part of the ongoing recapitalization…
Nigeria’s export potential hindered by poor product quality – CBN
The Central Bank of Nigeria has identified poor product quality, substandard packaging, and weak branding as key challenges hindering the country’s ability…
CBN reaffirms support for SMEs driving economic growth
The Central Bank of Nigeria has reaffirmed its commitment to supporting the growth of Small and Medium Enterprises, recognizing the sector as…
Personal remittance inflow hits $20.93bn in 2024
The Central Bank of Nigeria has announced that personal remittance inflows increased to $20.93 billion in 2024, reflecting an 8.9% year-on-year growth.…
CBN injects $197.7m into FX market to ensure liquidity
The Central Bank of Nigeria injected $197.71 million into the foreign exchange market on April 4, 2025, as part of its ongoing…
FX Inflow surges to $27.81bn in Q4 2024 – CBN
The Nigerian economy experienced an increase in foreign exchange inflows in the fourth quarter of 2024, as stated in the latest Economic…
Oil firm sues CBN N4.1bn over alleged fraudulent receivership
Zumax Nigeria Limited has filed a N4.1 billion lawsuit against the Central Bank of Nigeria in the Federal High Court in Lagos,…