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…
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 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…