The Central Bank of Nigeria (CBN) has established a minimum share capital requirement of $1 million for International Money Transfer Operators (IMTOs) operating ...

In a bid to revolutionize data protection and leverage the potential of the digital economy for economic growth, the Federal Government has announced ...

The Nigerian Naira exhibited a notable 1.9% appreciation, reaching N1,455.59 against the predominant US dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), ...

In a bid to address unethical banking practices related to foreign currency manipulation, the Central Bank of Nigeria (CBN) has released fresh guidelines ...

In an effort to curb foreign exchange (forex) speculation and enhance risk mitigation, the Central Bank of Nigeria (CBN) has issued a new ...

In a circular dated January 31, 2024, the Central Bank of Nigeria (CBN) expressed its apprehension about the increasing foreign currency exposures of ...

The National Identity Management Commission (NIMC) has taken steps to enhance National Identification Number (NIN) enrolment across the country by approving the deployment ...

The Central Bank of Nigeria (CBN) has issued a circular instructing Deposit Money Banks to divest their surplus dollar holdings by February 1, ...

The Central Bank of Nigeria (CBN) has fulfilled its commitment to address the backlog of foreign exchange owed to foreign airlines operating in ...

The Central Bank of Nigeria (CBN) has issued a stern warning to deposit money banks, cautioning them against engaging in financial market manipulation ...