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CBN
The Central Bank of Nigeria (CBN) has formally announced the establishment of a dedicated Compliance Department, marking a significant step in its ongoing efforts to enhance regulatory effectiveness and streamline supervisory responsibilities.
The Nigerians in Diaspora Commission (NIDCOM) has attributed the recent surge in diaspora remittances to the policies of the Central Bank of Nigeria (CBN) and the renewed trust Nigerians abroad have in the financial system.
The foreign exchange story in Nigeria is never short of drama.
Fitch Ratings has revealed that while most banks are expected to exit the regulatory forbearance regime by December 2025, a select few will continue operating under forbearance beyond the period.
The Central Bank of Nigeria (CBN) has issued a fresh directive mandating all participants in the country’s payment ecosystem to complete migration to the ISO 20022 messaging standard and implement mandatory geo-tagging of payment terminals by October 31, 2025.
Nigeria’s foreign exchange reserves rose to $41.00 billion on August 19, 2025, the highest level in 44 months....
The naira settled at N2,205/£ against the British pound sterling on the informal market on Sunday. The Nigerian...
The Nigerian foreign exchange market in 2025 is a dynamic scene influenced by both external global economic changes and internal policy reshaping.
The Central Bank of Nigeria (CBN) says the naira is one of the strongest currencies in the world,...
The naira is in its longest stretch of stability this year, holding within a narrow band of N1,520–N1,537 per dollar for almost eight weeks, from mid-June to early August.
Nigeria’s biggest listed companies are grappling with a painful paradox: paying sharply higher interest bills even as they shrink their debt piles.
The naira slipped marginally against the safe-haven currency during the first trading session of the week, while the dollar showed strength in the global market.