The CBN reviewed the requirements in 2024 mandating up to N2 billion recapitalisation for tier 1 Bureau De Change Operators, and N500 million for tier 2.

Fitch Ratings forecasts a boom in Nigeria's Islamic finance sector from the second half of 2025 through 2026, driven by ...

The Central Bank of Nigeria is the central bank of Nigeria and acts as the country’s monetary advisor. Ayogu said that ...

The Awards Committee praised the Central Bank of Nigeria under Cardoso for implementing key policy measures aimed at ...

Nigeria's central bank kept its monetary policy rate unchanged at 27.50% its governor Olayemi Cardoso said on Tuesday. Most economists polled by Reuters had predicted the Central Bank of Nigeria would ...

Nigeria’s central bank chief has been arrested hours after being suspended from office by the country’s new president, authorities said Saturday. Godwin Emefiele, governor of the Central Bank ...

During one of his first engagements with the press after his appointment, the governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, stated matter-of-factly that banks would have to ...

NOVA Bank has announced a record profit following its transition from a merchant bank to a retail bank, after receiving ...

ABUJA, July 29 (Reuters) - Nigeria's central bank is concerned about the value of the naira and is making deliberate efforts to avert a further downward slide in the currency, it said on Friday.

ABUJA, June 3 (Reuters) - Nigeria's central bank said on Monday it had revoked the banking licence of unlisted lender Heritage Bank Plc due to a breach of banking regulations. "Regrettably ...