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The Central Bank of Nigeria, CBN, has issued fines to at least nine Deposit Money Banks for failing to ensure cash availability via automated teller machines,...
Data from the Central Bank of Nigeria (CBN), net foreign exchange (FX) inflows into the economy increased by 65.7% year-on-year (YoY), has surged up to $46.92...
The recently concluded US Elections in November 2024 defied many political analysts’ predictions that it would be a close election. Rather, the result was a complete...
The Nigerian Naira has been projected to depreciate to N1,804 per dollar fair value at the official market in 2025. This is according to a recent...
The Central Bank of Nigeria, CBN, has temporarily permitted Bureau de Change, BDC, operators to purchase up to $25,000 weekly in foreign exchange, FX, from the...
The Association of Senior Staff of Banks, Insurance, and Financial Institutions has attributed the worsening cash shortage across the country to the Central Bank of Nigeria’s...
The Central Bank of Nigeria has described as fake a circular that it authorised the sales of foreign exchange to Bureau De Change operators in the...
The House of Representatives, on Tuesday, directed the Central Bank of Nigeria, CBN to suspend the retirement of 1,000 staff and the associated payoff scheme until...
There are indications that the Central Bank of Nigeria (CBN) may retire about 1,000 of its employees by December 31, 2024. This is according to a...