CBN - Central Bank Of Nigeria
In February 2024, the Central Bank of Nigeria (CBN) declared that the amount of foreign exchange entering the economy had increased significantly.
Naira value continue to depreciate against the United States Dollars at the foreign exchange market despite the Central Bank of Nigeria recent efforts.
New rules on licensing, registration, and inspection have been enacted by the Securities and Exchange Commission (SEC) for virtual asset service providers (VASPs)
Commercial banks in Nigeria have resorted to borrowing from the Central Bank of Nigeria (CBN) after a mop-up of about N5 trillion from the economy by apex bank.
Nigerian microfinance banks and other financial institutions received a warning from the CBN on the importance of submitting regulatory returns on time.
The price of garri, a popular staple food in Nigeria, has increased by 108% in just three months to an all-time high, while cassava output is declining.
Bitcoin traded above $69,000 on for the first time since 2009 as more investors around the world take interest in cryptocurrency as a store of value.
The Nigerian currency has recorded a loss against the dollar after three days of appreciation following the announcement by Binance that it will leave Nigeria
Former presidential candidate Kingsley Moghalu has estimated that the present economic slowdown and its aftermath will last for a minimum of three to five years.
CBN - Central Bank Of Nigeria
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