CBN Unveils Electronic FX Matching System to Stabilize Naira Exchange Rate
The Central Bank of Nigeria (CBN) is set to introduce an electronic foreign exchange (FX) matching system to address the ...
Tag: CBN
CBN Sets New Guidelines for FX Trading via EFEMS, Mandates $100,000 Minimum Trade
The Central Bank of Nigeria (CBN) has introduced new guidelines for interbank foreign exchange (FX) trading through its Electronic Foreign ...
CBN Extends Recapitalization Deadline for Bureaux De Change to June 2025
The Central Bank of Nigeria (CBN) has granted a six-month extension for Bureaux De Change (BDC) operators to meet new ...
IMF Affirms Support for Nigeria’s Economic Reforms
The Managing Director of the International Monetary Fund, Kristalina Georgieva, has commended Nigeria’s economic reforms under the leadership of President ...
FG Secures $500m World Bank Loan to Improve Power Distribution
The Federal Government has secured a $500 million loan from the World Bank to enhance the financial and technical capacities ...
Naira Struggles in the Black Market, Dips to N1,750/$
While the Nigerian currency weakened on the black market, official data from the FMDQ Exchange platform showed a slight improvement ...
CBN Issues Decisive Warning, Imposes 10% Fine on Banks Linked to Cash Hawking
The Central Bank of Nigeria (CBN) has issued a decisive warning to Deposit Money Banks (DMBs), cautioning them against cash ...
CBN Governor Stresses Role of Bank Recapitalization in Boosting MSMEs and Financial Inclusion
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has emphasized the need for the recapitalization of Nigerian ...
CBN Unveils New Initiatives to Drive Financial Inclusion for Women, MSMEs
The Central Bank of Nigeria (CBN) has launched three initiatives aimed at boosting financial inclusion, particularly for women, MSMEs, and ...
NDIC Pledges Stronger Protection for Depositors Amid Bank Failures
The Nigeria Deposit Insurance Corporation (NDIC) has reiterated its dedication to ensuring stability in the Nigerian banking sector by guaranteeing ...
