Folashodun Shonubi is the current acting Governor of the Central Bank of Nigeria (CBN). With a background in engineering and finance, he brings valuable expertise to...
The naira sank to a record low of N467.04 per dollar on the Nigerian Exchange (NGX). This was the most significant decline in almost six months.
Economists have called on the Central Bank of Nigeria (CBN) to unify the country's currency exchange rate. They made the call at the...
Following a review of its policy on cash withdrawal limits, the Central Bank of Nigeria (CBN) has increased the weekly withdrawal...
The CBN attributed the decline to the increase in interest rates, which central banks worldwide have been doing to combat inflation.
As promised by the central bank, banks began issuing the new naira notes on December 15th. According to RNN's analysis, the most common...
Deployed the first Central Bank Digital Currency in Africa, the e-Naira which is facilitating our goal of ensuring greater financial inclusion...
By the fourth quarter of 2022, the Central Bank of Nigeria (CBN) hopes that export proceeds for rebate would reach the $1 billion mark.
The apex bank stated that the cashless policy had been implemented beginning in 2012, during the government of former President...
As a result, the House called Godwin Emefiele, the Governor of the Central Bank of Nigeria, to appear and defend the policy before the...
In addition, the central bank said that the amended cash withdrawal policy was in response to the introduction of the freshly redesigned...
The measure is also a part of the apex bank's plans to safeguard against abuse, forgery, and stockpiling of the freshly redesigned banknotes.
Aishah Ahmed and Edward Adamu have been nominated by President Muhammadu Buhari to serve as the Central Bank of Nigeria's...
The CBN takes pleasure in the peer-to-peer nature of the e-naira, which is why there are now no fees. She also mentioned how everyone...
Due to the CBN's repeated increases in the MPR, the rate on Treasury Bills has seen a considerable hike recently.
In the first six months of 2022, the Central Bank of Nigeria sold $9.4 billion worth of foreign exchange. In the first half of 2021, sales...