Tag: CBN

CBN's New Directive on FX Revaluation Gains: What It Means for Nigerian Banks - The Central Bank of Nigeria (CBN) recently issued a directive that has been a hot topic of ...

Stabilizing Exchange Rate: High Hopes for Nigeria's New Central Bank Governor - In a significant move, Olayemi Cardoso has been appointed the new governor of the Central Bank of Nigeria (CBN) ...

Shakeup at Nigeria's Central Bank: Emefiele Steps Down, Cardoso Steps Up - Godwin Emefiele, the previously suspended governor of Nigeria's Central Bank (CBN), made headlines recently with his resignation. This pivotal ...

DSS arrests CBN finance director Fakunle - The Department of State Service (DSS) has apprehended and detained Benjamin Fakunle, the outgoing Finance Director for the Central Bank of Nigeria (CBN). It ...

CBN will sanction IMTOs for exchange rate pricing violations - International Monetary Transfer Operators (IMTOs) have violated foreign exchange (FX) rate pricing, according to the Central Bank of Nigeria (CBN). CBN ...

CBN backed Flutterwave Swap to solve Nigeria's FX crisis - In collaboration with Wema Bank, the tenth-largest bank in Nigeria based on assets, and Kadavra BDC, Flutterwave has initiated Swap, an ...

Clearing FX backlog is considered to boost investor confidence and stabilise naira - Analysts characterised the Central Bank of Nigeria's (CBN) proposal to reduce the foreign exchange (FX) backlog in ...

News summary: The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has launched the SabiMONI e-Learning Platform, a digital portal aiming to enhance financial literacy. The platform will ...

News summary: The CBN governor has urged for a resolution to the ongoing dispute between telecoms firms and deposit money banks over non-payment for USSD transactions. The conflict has caused ...

News summary: The Central Bank of Nigeria (CBN) has extended its rebate scheme to raw export proceeds. The move is aimed at boosting non-oil exports and diversifying the Nigerian economy. ...