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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
President-elect Tinubu plans to reform Nigeria's naira system, focusing on fiscal, monetary, and trade issues.
The shareholders of the company approved a capital raise for N5 billion in 2022, the sum of N3.7 billion through a Rights Issue while N1.3 billion will be raised through private placement.
Some financial experts have urged the Federal Government to implement complementary fiscal measures to address the rising inflation in the country.
Foreign exchange repatriation into Nigeria increased by 40% due to the implementation of the RT200 FX programme.
CBN assures its has been taking delivery of a good quantity of the redesigned banknotes from the Nigeria Security Printing and Minting Company Limited.
London-based fintech brand, Unlimint, has received a Payment Solution Service Provider (PSSP) license from the Central Bank of Nigeria (CBN) as it begins expansion to the country
The number of bank account owners in Nigeria with Bank Verification Number (BVN) increased to 57 million as of April 9, 2023.
The CBN says an alleged portal recruiting for the bank is fake as it is not currently recruiting warning Nigerians of fraudulent websites.
Although the eNaira has seen a surge in wallet creations, it still faces apathy from Nigerians, particularly students and Gen Z.
The naira rose to its highest level against the dollar since December 2022 on Wednesday as demands for the dollar-backed stablecoin declined on Binance's P2P market.
Analysts advise that CBN needs to work with the non-cash vendors to take the demand for cash as naira went scarce due to naira notes mop-up.
President Muhamadu Buhari has asked the Senate to confirm the re-appointment of Abdu Abubakar as a Non-Executive Director of the CBN.