Banks are beginning to reduce their interest rates on foreign exchange (FX) deposits as dollar supply improves.

The Nigeria Security and Civil Defence Corps (NSCDC), Ebonyi State has vowed to ensure enforcement of the law against the abuse of the Nigerian currency. The corps described the Naira as a critical ...

Unemployment Rate 4.1% The unemployment rate changed little at 4.1% and total nonfarm payroll employment increased by 256,000 in December. Healthcare, government, and social assistance saw increases, ...

Olayemi Cardoso, governor of the Central Bank of Nigeria, will have established a new Compliance Department within the apex bank.

In line with CBN directives, please note that effective immediately, the daily withdrawal limit on PoS is now N100,000, while the weekly ...

The Central Bank of Nigeria Governor, Olayemi Cardoso, on Thursday, said the country’s Gross Domestic Product is expected to ...

The Nigerian stock market is poised for significant growth in 2025, with Arthur Steven Asset Management Limited (ASAM) projecting a 39 ...

Nigeria’s foreign exchange reserves declined significantly in two weeks this January 2025, falling by $832.62 million between January 6 and ...

Nigeria's foreign exchange reserves have fallen sharply by $832 million in two weeks, raising concerns about currency stability.

There are indications that banks have begun the implementation of a daily withdrawal limit of N100,000 and a weekly limit of N500,000 on Point-of-Sale terminals.

This department will be inward-facing and outward-facing as well. The department will be functional by the end of February, ...

Olayemi Cardoso, has announced the creation of a new Compliance Department within the bank, which is scheduled to become operational by the end of February 2025.