Tag: CBN

Naira Strengthens Against Dollar, Closes January at N1,475/$1

  The Nigerian Naira staged a remarkable comeback in January 2025, closing…

Genesis Obong

CBN Approves CFA Franc for Export Proceeds Repatriation, Says NEPC

The Nigeria Export Promotion Council (NEPC) has announced that the Central Bank…

Muhammad A. Aliyu

Nigeria E-Payments Hit Quadrillion Naira Milestone in 2024

Nigeria's digital economy has taken a monumental leap, with e-payment transactions reaching…

Genesis Obong

Nigeria Clears $7bn Forex Backlog, Boosting Investor Confidence

The Central Bank of Nigeria (CBN) has announced that it has cleared…

Genesis Obong

CBN Waives 2025 License Renewal Fee for Bureau De Change Operators

The Central Bank of Nigeria (CBN) has stated that the 2025 licence…

Genesis Obong

CBN Launches FX Code to Promote Transparency, Fairness in Nigeria’s Forex Market

The Central Bank of Nigeria (CBN) has introduced the Nigeria Foreign Exchange…

Muhammad A. Aliyu

Nigeria’s Economy Shows Signs of Life: PMI Surges Back Above 50

Nigeria's economy, after a brief period of contraction, has shown signs of…

Genesis Obong

Nigeria’s Foreign Reserves Plummet by $832 Million in January

Nigeria's foreign exchange reserves have taken a significant hit, plummeting by a…

Genesis Obong