Nigerian banks have successfully raised N1.7 trillion in the first phase of the Central Bank of Nigeria’s recapitalization ...

CBN extends FX sales to BDCs until May 30th to address retail demand, aiming to stabilize the foreign exchange market.

As banks are geared up to meet the new CBN requirements, analysts expect that a few banks may consider downgrading their ...

The naira on Tuesday closed flat across foreign exchange (FX) markets following reduced demand and improved liquidity as the ...

Nigeria’s external reserves decreased by about $1.19billion in just three weeks and five days. According to data from the CBN ...

The Central Bank of Nigeria (CBN) has opened a window for next of kin, legal guardians and other beneficiaries to claim funds ...

CBN extended its clearance for BDCs to purchase FX from authorized dealers in order to meet the demand of the retail sector ...

The apex bank on Tuesday, January 28, in Abuja, approved waivers on the 2025 annual license renewal fee for all existing BDC ...

The Senate has threatened to issue arrest warrants against heads of key revenue agencies and the IGP for ignoring summons.

Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has asked the Federal Capital Territory (FCT) High Court in ...

The Association of Bureau de Change Operators of Nigeria (ABCON) has commended the Central Bank of Nigeria (CBN) for ...

Nigeria’s foreign exchange (FX) reserves declined significantly by $1.16 billion in January 2025, wiping out the $592.58 million gain recorded ...