April 16, 2025
CBN Hails China Currency Swap but Warns of Deep Economic Risks
CBN Hails China Currency Swap but Warns of Deep Economic Risks The Central Bank of Nigeria (CBN) has said the Nigeria-China currency swap deal could change the game for the…
April 5, 2025
CBN Takes Bold Step, Sells $197.71m to Tackle FX Liquidity Crisis
CBN Takes Bold Step, Sells $197.71m to Tackle FX Liquidity Crisis In a decisive move to calm Nigeria’s volatile foreign exchange market, the Central Bank of Nigeria (CBN) has injected…
February 4, 2025
Senate Furious as CBN, FIRS, Customs Ignore Summons Over N30 Trillion
Senate Furious as CBN, FIRS, Customs Ignore Summons Over N30 Trillion The Nigerian Senate has strongly condemned top revenue agencies for ignoring its summons on financial accountability. Lawmakers expressed outrage…
January 11, 2025
CBN Launches Non-Resident Account for Nigerians in Diaspora to Invest in Local Assets
CBN Launches Non-Resident Account for Nigerians in Diaspora to Invest in Local Assets The Central Bank of Nigeria (CBN) has introduced two innovative financial products designed to attract Nigerian citizens…
September 27, 2024
Goodluck Jonathan Refutes Sanusi’s Claim of $49 Billion Missing from FG Accounts
[keypoints] Former President Goodluck Jonathan denied Emir Muhammad Sanusi II’s claim of $49 billion missing from the federal government’s accounts, asserting that the funds never existed and describing the allegations…
August 31, 2024
CBN Fires NIRSAL Executives Amid Major Restructuring Effort
[keypoints] CBN has fired all executive directors at NIRSAL, including the Managing Director and CEO, as part of a major restructuring effort led by Governor Olayemi Cardoso. The firings are…
June 26, 2024
CBN Restores IMTOs to Foreign Exchange Market
The Central Bank of Nigeria (CBN) has announced a new policy allowing International Money Transfer Operators (IMTOs) to sell foreign exchange directly on the Nigerian Autonomous Foreign Exchange Market (NAFEM),…
June 24, 2024
CBN Ceases Forex Sales to BDC Operators Amid Naira’s Decline
The Central Bank of Nigeria (CBN) has ceased foreign exchange (forex) sales to Bureau de Change (BDC) operators as part of new reforms aimed at stabilizing the FX market and…