As of December 2024, the number of active bank accounts in Nigeria has reached 311.65 million, marking a significant increase ...

While ATMs remain essential, they have been overshadowed by the growing influence of POS services. This shift has led to ...

In its craving for best practices in the financial sector, the Central Bank of Nigeria (CBN) officially launched the foreign ...

The Central Bank of Nigeria (CBN) has approved the CFA franc to be captured on Nigeria export proceeds (NXP) form for the ...

The Central Bank of Nigeria (CBN) has slashed the foreign exchange rates for cargo clearance amid the appreciation of the ...

The President of the Association of Bureaux De Change Operators of Nigeria, Aminu Gwadabe, has urged the Central Bank of Nigeria to review the capital requirements for BDCs.

The Central Bank of Nigeria (CBN) has called on deposit money banks and all market participants to embrace the principles of the Nigeria Foreign Exchange (FX) Code wholeheartedly, cautioning that any ...

Nigerian investigators have disclosed that an Allied Air Boeing 737-400 freighter carried out 85% of its landings with a ...

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the apex bank’s commitment to maintaining ...

Deposit Money Banks' liquidity deposits with CBN rOse by 627.17% to N9.39tn, reflecting improved financial stability in the ...

Each of the 774 local governments is now required to furnish the Central Bank of Nigeria (CBN) with a comprehensive audit of its finances for two years as a prerequisite for direct remittance of ...

Commercial banks in Nigeria saw a notable rise in unsecured loans to households and corporations during the fourth quarter ...