The Central Bank of Nigeria (CBN) is the apex monetary authority and the central bank of Nigeria. It was established on July 1, 1959, by the Central Bank of Nigeria Act, with the primar… Read More

Dr. Olayemi Cardoso has assumed office as Governor of the Central Bank of Nigeria, CBN. A statement by the Director of Corporate Communication of the apex Bank, Dr. Isa Abdulmumin, disclo… Read More

The CBN Act confers the president with the authority to appoint the governor and four deputies. However, the appointments are subject to the confirmation of the Nigerian Senate. Cardoso's no… Read More

In September, several media reports said that Nigerian telcos, under the auspices of the Association of Licensed Telecoms Operators of Nigeria (ALTON), resolved their ongoing disagreement wi… Read More

The 10th Senate led by Godswill Akpabio on Tuesday confirmed Olayemi Cardoso as the Governor of the Central Bank of Nigeria (CBN). Cardoso was nominated by President Bola Tinubu on the 15t… Read More

The Central Bank of Nigeria (CBN)has reacted to reports making the rounds that it’s planning to re-denominate the naira. Messages circulating on social media and instant messag… Read More

The Central Bank of Nigeria is now working with commercial banks to clear $10 billion foreign exchange (forex) backlog within the next two weeks. Acting Governor Folashodun Shonubi who discl… Read More

By Terhemba Daka (Abuja) and Bertram Nwannekanma (Lagos) 18 September 2023   |   4:14 am President Bola Ahmed Tinubu PHOTO: Twitter/DOlusegun • Appo… Read More

Shakeup at Nigeria’s Central Bank: Emefiele Steps Down, Cardoso Steps Up – Godwin Emefiele, the previously suspended governor of Nigeria’s Central Bank (CBN), made hea… Read More

Flutterwave is in the news again this morning. The payment startup has launched Swap to digitise FX processes for Nigerians. The new product which is backed by the Central Bank of Nigeria (C… Read More

Clearing FX backlog is considered to boost investor confidence and stabilise naira – Analysts characterised the Central Bank of Nigeria’s (CBN) proposal to reduce the foreign exc… Read More

President Bola Tinubu and the Federal Capital Territory Minister, Nyesom Wike, are among dignitaries expected to attend the 16th Annual Banking and Finance Conference organised by the Charte… Read More

VerseNews NigeriaNNPCL Secures $3bn Loan To Stabilise Naira The Nigerian National Petroleum Company (NNPC) Limited has secured a $3 billion Emergency Crude Repayment Loan from African Expor… Read More