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CENTRAL BANK OF NIGERIA
News and analysis about Central Bank of Nigeria
The CBN Governor has explained why the apex bank cannot freely float the exchange rate despite pressure from the World Bank and IMF.
MTN Nigeria's final approval by the CBN to launch Momo Payment Service Bank marks the telecom company's entry into the banking business.
The BDC operators have attributed the widening exchange rate disparity to acute scarcity of dollars due to the continued suspension of forex sales to BDCs.
We highlight the rationale behind the apex bank's policy to give N65 rebate to exporters who sold their goods through the I&E window.
The Central Bank of Nigeria (CBN) has granted MTN the final approval to operate as Momo Payment Service Bank Limited (Momo PSB).
The Central Bank of Nigeria has fined First City Monument Bank (FCMB), Fidelity Bank Plc and Wema Bank...
Cryptocurrencies will continue to provoke distrust and criticism from established authorities like the CBN until its ecosystem matures and it has a clear use case.
The action of the Apex Bank culminating in the issuance of the cashless policy and its implementation can be said to have been done in good faith.
The CBN has warned Nigerians against engaging with illegal and unregistered financial operators who entice members of the public with large profits.
The CBN's inability to maintain Nigerians' interest in the eNaira has created a gap for Bitcoin and other cryptocurrencies to thrive.
Despite multiple interventions by the Central Bank of Nigeria to defend the Naira, the Naira fell by N22 in the first quarter of 2022.
The CBN has established the Credit Guarantee Schemes to promote lending to MSMEs and remove barriers to their growth.