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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
Three cement companies recorded N78.6 billion in foreign exchange losses between January and September 2022
In response to the Central Bank of Nigeria's (CBN) announcement to redesign and issue new naira notes from...
As Nigeria battles with a crashing local currency, the International Monetary Fund (IMF) has warned that dollarisation is hard to revert
Since founded in 2007 following the Central Bank of Nigeria’s initiated reforms in the banking industry, Investment One...
Buhari said he was convinced the economy stood to benefit from a reduction in inflation, currency counterfeiting, and excess cash in circulation
The naira suffered a historic plunge to N775/$ on Friday, two days after the CBN announced it was redesigning the 200, 500, and 1,000 naira notes
To ensure that their stash is not rendered illegal, many criminals and currency hoarders may rush to convert their naira to dollars
Bawa said the move aligns with the objectives of the Money Laundering Prevention Prohibition Act 2022
Over 3,305 merchants have successfully registered on the eNaira platform across the country
The CBN governor lamented that Nigerian airlines were barred from entering other countries with whom Nigeria has BASA agreements
Strategic Capital Investment Limited (SCIL) wasted no time announcing its new Board to propel the bank into a new phase of growth
Meanwhile, the National Economic Council (NEC) said it will negotiate with the CBN and the Finance Ministry on the matter