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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The apex bank recently introduced the Unstructured Supplementary Service Data (USSD) code for its eNaira. That means Nigerians without internet-enabled phones can use eNaira for transactions
Apart from reining in inflation, the development is expected to increase the cost of credit
Market operators say the decision of the Central Bank of Nigeria to increase the interest rate by 15.5% would further depress investors’ appetite for equities to embrace money market instruments
The Central Bank of Nigeria (CBN) has warned that it may use the Global Standing Instruction (GSI) against...
Access Holdings Plc has received a regulatory nod from the Central Bank of Nigeria on its wholly owned payment subsidiary, Hydrogen.
The introduction of the “Race to $200 billion in FX Repatriation” (RT200 FX) by the CBN has spurred significant improvement in the country’s export remittances.
The Central Bank of Nigeria has a series of low-interest loans aimed at spurring economic growth in Nigeria.
President Buhari has commended critical stakeholders in the banking and financial sector for their diligent work over the years to ensure financial system stability.
The Central Bank of Nigeria sold $4.86 billion worth of foreign exchange to authorities dealers in the first quarter of 2022.
Flutterwave, Africa’s leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN).
The CBN has stated that the Federal Government of Nigeria (FGN) needs to “jettison the current fuel subsidy policy” due to the high cost to the economy.
The CBN has stated that Nigeria’s high inflation would further reduce the value of the Naira as imported products become more expensive.