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The Central Bank of Nigeria (CBN) has unveiled its Consolidated Financial Statements spanning seven consecutive years. This disclosure marks a notable departure from the past, as the apex financial institution makes its financial records available for public scrutiny, a practice that had not...

After years of fixing FX prices, Nigeria's Central Bank floated the Naira in June. The loss of authority over the Naira was a critical step toward the elimination of Nigeria's numerous exchange rate windows. It was also a long-overdue step claimed as part of President Tinubu's key reforms...

The Central Bank of Nigeria (CBN) and the Central Bank of Egypt (CBE) have agreed to build a Nigeria-Egypt FinTech Bridge. The signing event, which took place on July 17 - 18, 2023, at the Egypt International Exhibition Centre in Cairo, came after a series of engagements on payment methods...

The Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal High Court in Lagos to order the Central Bank of Nigeria (CBN) to remove its direction to banks and other financial institutions requesting information from customers' social media accounts for identification. In...

The Central Bank of Nigeria (CBN) has recently released a list of approved Bureau de Change (BDC) dealers, leaving the Nigerian financial space buzzing with curiosity. In this fresh list, the total number of approved BDC dealers has been significantly reduced to 2,991, leaving many wondering...

The Central Bank of Nigeria recently established a policy limiting contactless payments. The announcement came on Tuesday in two circulars signed by Musa Jimoh, Director of the CBN's Payments System Management Department. This policy is coming just after the CBN requested all banks to get the...

The Nigeria Data Protection Commission (NDPC) on Thursday stated that the Central Bank of Nigeria's (CBN) new demand to banks to collect the social media handles of their customers as part of increased Customer Due Diligence (CDD) rules is unlawful. The commission stated that it's already...

The Central Bank of Nigeria (CBN) has issued a release that Bank's Executives will no longer be permitted to hold positions for more than 24 years starting August 1, 2023. This statement was issued to Executive Directors, Deputy Managing Directors (DMDs), and Managing Directors (MDs) of banks...

Despite the continued rise in the price of crude oil, the country's earnings from the commodity fell for the fourth month in a row with hopes of increased revenue. This was revealed in the latest monthly economic report from the Central Bank of Nigeria (CBN) for January 2022. According to...

As the Governor of the Central Bank of Nigeria, Godwin Emefiele, chooses the All Progressives Congress, APC, presidential forms, the Socio-Economic Rights and Accountability Project, SERAP, has reacted. SERAP requested Emefiele to quit as governor of the Central Bank of Nigeria immediately...

Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), has responded to a viral claim that he intends to run for president in the 2023 election. On Saturday, Emefiele posted on his verified Twitter page that he had yet to decide on a position and asked for prayers. The CBN...

Three years after the Central Bank of Nigeria (CBN) signed a currency swap deal with the People's Bank of China (PBoC), Nigerians have yet to feel the effects of that deal, particularly the free fall of the naira, currently at N570 / 1 Dollar on the parallel market remains. In April 2018, in...

The Nigeria Security and Exchange Commission on Thursday afternoon warns Nigerians on online platforms that are not registered, but offer access to trading in foreign markets. In a statement released, the NSE says, “The attention of the Securities and Exchange Commission (the Commission) has...

Banks blocked users from recharging their MTN lines using their platforms, Internet banking, Mobile app, and the USSD on Thursday, due to MTN reportedly offering to reduce the 4.5% they give banks to 2.5%. after disconnecting users from using their platforms to recharge their lines, it seems...

It has been reported that gunmen attacked former CBN governor, Prof. Charles Soludo and killed three of his police guards on Wednesday night. Charles Soludo, who is also a governorship aspirant in Abia state, was attacked by unknown gunmen in his hometown, Isiofia in Aguata Local Government...

The announcement which was made on the 16th of March, 2020 was met with outrage by Nigerians on social media, claiming the Nigerian government is just out there to make life frustrating for her citizens, even after recently increasing the price of petrol to N212 from N167. Nigerians have had to...