CBN releases approved guidelines for BDCs
The Central Bank of Nigeria (CBN) has authorised guidelines for Bureau De Change (BDC) operations across the country, while…
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CBN links FX volatility to seasonal demands
he Central Bank of Nigeria (CBN) has blamed the foreign exchange market's instability on "seasonal demands".
CBN Governor…
JUST IN: OPay, Moniepoint, others to resume onboarding new customers in…
The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda…
CBN raises interest rate to 26.25 % amid soaring inflation levels
The Central Bank of Nigeria (CBN) has hiked interest rates by 150 basis points, from 24.75% to 26.25%.
Following a two-day…
CBN withdraws circular on cybersecurity levy
The Central Bank of Nigeria (CBN) has withdrawn its circular mandating banks and payment service providers to collect and remit…
Court upholds CBN’s regulation on collection of customers’…
The Federal High Court in Lagos has ruled that a Central Bank of Nigeria (CBN) regulation requiring financial institutions to…
CBN kick starts strategy to double remittances, grants AIP to 14 New IMTOs
The Central Bank of Nigeria (CBN) has initiated plans to double the flow of foreign-currency remittances through formal channels…
JUST IN: FG suspends collection of Cybersecurity levy after nationwide…
The Federal Government has suspended the controversial cybersecurity levy on electronic banking transactions after the attendant…
CBN appoints 11 Pre-shipment Agents for Oil, Gas exports
The Central Bank of Nigeria (CBN), has selected 11 pre-shipment monitoring, and evaluation agents for oil and gas exports in…
Why interest rates will remain high for now – CBN Governor, Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has said interest rates would remain high until inflation…