The Central Bank of Nigeria (CBN) on Thursday, April 29th, removed the newly appointed CEO of First Bank Of Nigeria Plc, as well as the board of directors of FBN Holdings.In a briefing in Abuja, Godwi...
As per a recent development within the Nigerian financial landscape, commercial banks have taken the initiative to update their customers on the recent changes in the country's foreign exchange policy...
The United States, its European allies, and Canada agreed over the weekend to shut off important Russian banks from the SWIFT messaging system, which connects over 11,000 banks and financial in...
In an official address at the Eagle Square in Abuja, President Bola Tinubu announced his administration's plans to undertake a comprehensive house cleaning of Nigeria's monetary policy. This move aims...
March figures show that Ghana’s inflation rate hit its highest level in more than a decade. This is coming after the country’s central bank raised the interest rate in anticipation of inflation....
With oil and food prices reaching record highs, Nigeria's inflation rate surged to an 11-month high in May 2022, reaching 17.71 percent and marking its fourth consecutive monthly increase in th...
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), today expounded on the plans to relocate some departments and personnel to other apex bank branches nationwide, especially those in ...
The House of Representatives has persuaded the Central Bank of Nigeria to enhance the use of coins as legal tender and confirm that banks cling to the usage of coins to the maximum expanse conceivab...
In a circular, the Central Bank of Nigeria (CBN) has instructed all deposit money banks and other financial institutions to suspend processing charges imposed on cash deposits above N500,000 for indiv...
The Central Bank of Nigeria has announced the redesign and printing of new naira notes for selected notes. Besides it being a norm for central banks to redesign local legal tender from time to tim...