She warned that restricting naira transactions on cryptocurrency exchanges could drive Nigerians to US dollar-denominated assets, worsening the naira’s
The Nigerian Deposit Insurance Commission (NDIC) and the House of Representatives have assured Heritage Bank depositors of the protection of
After denials by the Nigerian Deposit Insurance Corporation (NDIC) of a liquidation process, Nigeria’s Central Bank has taken decisive action
The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc. This action, according to the
Nigeria’s letter of credit payments has descended rapidly by 63 per cent in the first quarter of 2024 compared to
“The Central Bank of Nigeria was a strange place. …I found a culture in which my state of origin and
On Friday, May 24, 2024, Justice Yellim Bogoro of the Federal High Court in Ikoyi, Lagos, issued an interim forfeiture
“The CBN has achieved a unified exchange rate – this has eluded Nigeria for 11 years. All this is
The Central Bank of Nigeria has banned the sales of forex on the streets across the country. The order for
The Central Bank of Nigeria has directed all Bureaux De Change operators in Nigeria to reapply for new licences as
If we agree that transparency is increasingly of the essence, then the Central Bank must also stop leaning against the
The naira, Nigeria’s currency, has been under severe pressure in recent months, and the Central Bank of Nigeria (CBN), the
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