The naira experienced a significant decline against the dollar in the foreign exchange market following the Central Bank of Nigeria’s (CBN) fifth interest rate hike, raising...
The Central Bank of Nigeria (CBN) has approved a new chairman and board of directors for Keystone Bank as part of its strategy to ensure the...
The Central Bank of Nigeria (CBN) has warned that the removal of fuel subsidies, coupled with lower import bills and increased external debt servicing, could negatively...
The Central Bank of Nigeria (CBN) has authorized the sale of $20,000 to each Bureau De Change (BDC) operator at an exchange rate of N1,580 per...
On Friday, the Central Bank of Nigeria (CBN) took the decisive step of revoking the licenses of 4,173 Bureaux De Change Operators, citing their failure to...
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change Operators, alleging that these institutions failed to adhere to regulatory provisions....
The Central Bank of Nigeria (CBN) has taken the decisive step of revoking the licenses of 4,173 Bureau De Change (BDC) Operators due to their failure...
In its latest efforts to stabilize the nation’s volatile exchange rate, the Central Bank of Nigeria (CBN) has directed Deposit Money Banks to divest their surplus...
The Central Bank of Nigeria has said it is set to prosecute forex defaulters in the country. The CBN Acting Director of Communication, Mrs. Sidi Ali,...