CBN

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Justice Nicholas Oweibo of a Federal High in Lagos, on Tuesday, granted the suspended Central Bank of Nigeria, (CBN) Governor, Godwin Emefiele bail in the sum of N20 million. Emefiele is standing trial on a two-count charge…

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Nigeria needs adequate digital and financial infrastructure to support a swift transition to a cashless economy, the World Bank has said. The World Bank stated that this was one of the reasons the Central Bank of Nigeria’s Naira redesign…

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The Central Bank of Nigeria has issued a guideline placing a limit on contactless payment. This was disclosed by the CBN in two circulars signed by the CBN’s Director, Payments System Management Department, Musa Jimoh. The first…

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The Central Bank of Nigeria and the Bill and Melinda Gates Foundation have finalised plans to drive financial inclusion in the country. According to a statement from the apex bank, the two groups recently held a strategic meeting on how…

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The Central Bank of Nigeria has lifted withdrawal limits placed on domiciliary accounts. In a statement titled "CBN issues further guidance on operational changes to foreign exchange market," the Apex bank said the new regulation allows…

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The all in one import and export window provides room for mutually agreed rates among parties, the Central Bank of Nigeria has said. In a thread of tweets on Friday, the Apex bank highlighted the advantages and features of the new…

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The Central Bank of Nigeria says it has Not devalued the naira. The bank in a press statement signed by the Apex Bank's Ag. Director, Corporate Communications, Isa AbdulMumin said report of devaluation was imaginative. "The attention…

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The Central Bank of Nigeria (CBN) says it is in the process of putting in place a Virtual Currency Museum Gallery. CBN Deputy Governor, Operations, Mr. Folashodun Shonubi, disclosed this at the International Museums Day (IMD)…

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The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the banking sector is committed to expanding foreign exchange supply in the country. Emefiele was speaking at the third edition of the biannual RT200 non-oil export summit…

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The Central Bank of Nigeria says enrollment on its verification platform has no expiry date. The apex bank disclosed this while reacting to claims that the Bank Verification Numbers, BVN, issued to customers expires after 10…