Once that foundation was there, the cashless economy has done well,” says electrical engineer Funke Opeke, an eminence in the ...

The Central Bank of Nigeria has not announced new cash denominations of 5,000 ($3.12) and 10,000 ($6.25) naira, contrary to ...

Nigeria recorded a balance of payments surplus of $6.83 billion in 2024, driven by the impact of reforms, a stronger trade performance, and renewed investor confidence in the economy, the Central Bank ...

The tone was set by the Governor of the Central Bank of Nigeria, who spoke with clarity and conviction. He defended the bank’s recent policy choices, aggressive interest rate hikes, exchange rate ...

"In a bid to reduce cash handling challenges, the Central Bank of Nigeria (CBN) has introduced new N5,000 and N10,000 notes ...

Zenith Bank is not under pressure to raise more money after exceeding the Central Bank of Nigeria’s (CBN) N500 billion ...

For transactions above the thresholds, all documentation as stipulated in the CBN Foreign Exchange Manual and related ...

The Central Bank of Nigeria (CBN’s) decision to embark on recapitalisation of banks was to align monetary, fiscal policies ...

Nigerian lender United Bank for Africa Plc plans to raise 144.8 billion naira ($90.2 million) in additional capital this year ...

Nigeria's central bank governor Olayemi Cardoso assures international investors in New York that ongoing reforms are ...