The Central Bank of Nigeria (CBN)

Nigeria has recorded a surplus of $1.1 billion in foreign trade (Q4, 2021), as export value surpassed import bill for the first time since Q3 2019, representing 8 consecutive quarters of negative trade balance. This…

The Central Bank of Nigeria (CBN) has rejected Senate’s plan to pass a new anti-money laundering legislation without amending the existing Money Laundering (Prevention) Act 2011. The Governor of the Central Bank of…

The Central Bank of Nigeria (CBN) has introduced a policy to address the inadequacy of foreign exchange (FX) supply and constant pressure on the exchange rate. The new scheme to improve dollar supply…

Airtel Mobile Commerce Nigeria Limited, a subsidiary of Airtel Africa, has been granted approval in principle by the Central Bank of Nigeria (CBN) to operate as a super-agent in Nigeria. The Group Company Secretary of Airtel…

The Central Bank of Nigeria (CBN) says Nigeria spends over $2bn annually on importation of wheat, the third most widely consumed grain in Nigeria, while highlighting it as the reason for the exchange rate imbalance in the country. …

The Central Bank of Nigeria (CBN) has mapped out plans to end Ponzi Scheme in Nigeria, while sensitizing Nigerians on the new digital currency, E-Naira. The Director of the Corporate Communication Department, CBN, Mr Osita…

The Central Bank of Nigeria (CBN) says it will support Nigeria’s healthcare industry with the sum of Two Hundred Billion Naira (N200bn) in a bid to boost Nigeria’s economic recovery and generate jobs in the sector. The CBN…

As part of efforts to address rising youth unemployment in Nigeria, the Central Bank of Nigeria (CBN) has released Guidelines for the implementation of Tertiary Institutions Entrepreneurship Scheme (TIES).…

The Central Bank of Nigeria (CBN), the country's apex bank, says Nigerians without internet-enabled phones will be able to use the eNaira, the new digital currency. The CBN revealed this in a document titled “Design paper for…

The Juris Law Award has been conferred on the Chairman, Body of Bank Chief Executive Officers, Dr. Herbert Wigwe, for his contributions to corporate governance and rule of law in Nigeria’s banking industry. The award was…