CBN opens eNaira to USSD transaction
Beginning next week, Nigerians will be able to access eNaira through the Unstructured Supplementary Service Data code on their mobile phones, the…
CBN
Harmonise foreign exchange rate – Group tells CBN
The Nigerian Economic Summit Group has urged the Central Bank of Nigeria to harmonise foreign exchange rates as the nation battles scarcity…
CBN vows to curb further naira devaluation
The Central Bank of Nigeria has reiterated its commitment to preventing a further devaluation of the Nigerian naira in the foreign exchange…
Dollar conversion: CBN to block bank customers’ account
The Central Bank of Nigeria has said it will place A ‘Post no Debit’ on the accounts of customers, especially politicians, converting…
External reserves get $679.12m boost in one month
Figures obtained from the Central Bank of Nigeria have revealed that the country’s external reserves returned to a growth path after gaining…
eNaira may drop remitting cost to Nigeria —IMF
Washington-based lender, the International Monetary Fund, has disclosed that central bank digital currencies could drop the cost of sending and receiving the…
Dollar shortage persists after party primaries
Dollar exchanged at N603 (average) at Lagos and Abuja parallel markets on Tuesday, indicating a worsening liquidity crisis in the foreign exchange…
CBN introduces USSD to boost eNaira
The Central Bank of Nigeria plans to introduce the Unstructured Supplementary code as part of steps to improve the Central Bank Digital…
CBN raises interest rate to 13%
The Central Bank of Nigeria on Tuesday announced that it has raised the interest rate to 13 per cent. CBN Governor, Godwin…
Nigerians spend $221m on overseas education in three months –CBN report
An analysis of data obtained from the Central Bank of Nigeria showed that Nigerians spent at least $220.86 million on foreign education…
Emefiele must resign to preserve CBN’s credibility – Experts
Economic experts at a local think-tank, the Centre for the Promotion of Private Enterprise, have urged the Governor of the Central Bank…
Premium Trust Bank commences operations, promises service delivery
Premium Trust Bank has launched its first branch in Port Harcourt, Rivers State, joining the list of licensed commercial banks operating in…