The Central Bank of Nigeria (CBN) has issued a new directive requiring all Payment Service Providers to route Point of Sale (PoS) transactions through authorized CBN...
The Socio-Economic Rights and Accountability Project (SERAP) has called on the Central Bank of Nigeria (CBN) to provide a full account of over N100 billion in...
In the last two weeks, the Central Bank of Nigeria and other banking institutions have improved dollar supply to the foreign exchange market by $2.5bn, making...
The Nigerian Naira has depreciated in value at the official market, with the exchange rate falling to N1,309.39 to a dollar, according to the latest data from...
The Central Bank of Nigeria (CBN) has released new minimum capital requirements for commercial, merchant and non-interest banks. In a statement on Thursday by its Acting Director, Corporate...
The Euro to Naira exchange rate in the black market has reached a new high, with the rate standing at N1,559.767 on March 25, 2024. This...
THE Naira experienced a slight appreciation at the official market, trading at N1,431.49 to a dollar on Friday. Data from the official trading platform of the...
The naira strengthened on Wednesday to close at N1400/$1 in the parallel section of the foreign exchange market. Reports said that the exchange rate had been...
The Canadian Dollar (CAD) in the foreign exchange market is experiencing significant trading activity. As of today, the ‘Aboki’ rate, a term referring to the informal currency...
The Central Bank of Nigeria (CBN) is reportedly preparing to dismiss twelve directors in the coming days, following the termination of the employment of seven directors...
