CBN Reintroduces Key Economic Reports
In a move aimed at bolstering transparency and public engagement in Nigeria’s economic affairs, the Central Bank of Nigeria (CBN) has announced the reintroduction of key economic reports on critical…
In a move aimed at bolstering transparency and public engagement in Nigeria’s economic affairs, the Central Bank of Nigeria (CBN) has announced the reintroduction of key economic reports on critical…
The Nigerian economy is grappling with a surge in currency in circulation, which has reached an unprecedented ₦4.05 trillion in June 2024, according to data released by the Central Bank…
In a bid to combat rising inflation and foster a more attractive environment for foreign investors, the Central Bank of Nigeria’s (CBN) announced a 50 basis point hike in the…
Nigeria’s battle against inflation intensified on Tuesday, July 23rd, 2024, as the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) announced a 50 basis point increase in the benchmark…
The Central Bank of Nigeria (CBN) has made a significant change at the Nigerian Security Printing and Minting Plc (NSPM), the nation’s sole producer of currency. On Wednesday, July 10th,…
The business landscape for Bureau De Change (BDC) operators in Nigeria has undergone a significant shift, with the Corporate Affairs Commission (CAC) announcing its intention to cancel the certificates of…
Nigeria’s thriving fintech sector is about to get a shot of regulatory oversight. The Central Bank of Nigeria (CBN) has announced plans to introduce new regulations specifically designed to bolster…
In a move aimed at streamlining foreign exchange (forex) transactions, the Central Bank of Nigeria (CBN) has announced a discontinuation of its Price Verification System (PVS) Portal. This policy change,…
Nigeria faces a balancing act in the second half of 2024, with inflation projected to decline slightly while economic growth remains tepid, according to a new report by PwC. The…
The Central Bank of Nigeria (CBN) is taking a proactive step to address naira liquidity challenges and attract more diaspora remittances through formal channels. In a recent circular, the bank…