CBN - Central Bank Of Nigeria
Palmpay, Opay, others process N97.7 trillion as e-payment transactions hit 59 per cent
Electronic payment transactions hit a new high of 59 per cent at N284.4 trillion in the year 2024, dominated by the NIBSS Instant Payment (NIP) system.
“Debit Card And Valid ID”: FG lists features of new NIN super card
The Nigerian government has listed the functions and capabilities of the General Multipurpose Card (GMPC), stating that the card will enhance financial services.
CBN set to commence payment of forex backlogs, gives update on verification
The Central Bank of Nigeria has announced that it is ready to commence repayment of all forex backlogs. The apex bank also released a new update on the verification
PwC shares 5 reasons naira exchange rate against US dollar will be stable better in 2025
PricewaterhouseCoopers (PwC) is optimistic about the Nigerian currency, naira's performance in the foreign exchange market in 2025, citing 5 factors
No more fees: CBN cancels renewal licence payment for BDCs in 2025
The director of the department in charge of financial policy and regulation announced that CBN has waived the 2025 license renewal cost for all BDC operators.
FX Code: CBN gives deadline for banks, others to meet new forex directive
The CBN has directed foreign currency market participants to submit compliance reports outlining their adherence to the Nigeria FX Code by January 31.
CBN adjusts exchange rate as naira trades at new low amid dollar crash
The naira depreciated slightly in the official foreign exchange market but rose in the parallel segment as the dollar experienced its worst fall in weeks.
FCMB invites Nigrians to apply for loan to acquire solar energy
FCMB raised the size of its energy finance loan by up to N30 million to help Nigerian homes and small companies buy solar panels and other clean energy equipment.
Canada sets new limit, announces changes to affect Nigerians, others in 2025
Immigration, Refugees and Citizenship Canada will cap the number of study permits to international students in 2025 to 437,000, a 10% cut from the previous year's.
CBN - Central Bank Of Nigeria
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