In a surprising turn of events, the exchange rate for cargo clearance experienced a substantial surge, reaching N1413.6/$ just 24 hours after the Central Bank of Nigeria (CBN) adjusted the ...
In three months, from September 2023 to December 2023, the Central Bank of Nigeria (CBN) reports a substantial surge in currency in circulation (CIC), witnessing an impressive uptick of about ...
The Central Bank of Nigeria, CBN, has fixed $1m as the minimum share capital requirement for International Money Transfer Operators in the country. This was revealed in its revised guidelines ...
The Central Bank of Nigeria and foreign airlines operating in Nigeria have differed over the total amount of unpaid ticket revenue in the country. The CBN on Tuesday said it ...
Former Central Bank of Nigeria (CBN) governor Sanusi Lamido Sanusi has supported relocating five CBN departments from Abuja to Lagos. He referred to those opposing the move as threatening the ...
A new report has projected that the Central Bank of Nigeria may ask commercial banks with international banking licence to raise their capital base to over N900bn. This came a ...
Dr. Olayemi Cardoso, who assumed the role of Central Bank governor four months ago, is gearing up to preside over the initial Monetary Policy Committee (MPC) meeting on February 26th ...
Nigerians spent $1.58bn on health tourism, foreign education, and other personal matters in six months, data from the Central Bank of Nigeria have revealed. The data from the apex bank’s ...
Foreign airlines repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of Payment compilation revealed that airlines ...
Amidst revenue pressures facing the 2024 national budget, the Federal Government, FG, has indicated that it would no longer allow Central Bank of Nigeria, CBN, to print money by Ways ...
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