The Central Bank of Nigeria (CBN) has raised the maximum tuition fee remittance for students studying abroad from $15,000 to $25,000 per semester, a 67 percent increase reflecting a significant ...
The Central Bank of Nigeria (CBN) has reassigned all four of its deputy governors, with the changes taking immediate effect from June 1, 2026. The reshuffle, which was quietly updated ...
Nigeria's currency held its ground at the close of last week's trading, with the naira settling at ₦1,373.25 to the dollar on Thursday, May 29, as improved interbank activity and ...
Nigeria's bill for food imports dropped to $2.34 billion in 2025, a 7.37 percent decrease from the $2.53 billion recorded the year prior, according to data from the Central Bank ...
The Central Bank of Nigeria (CBN) has granted payment operators a fresh window to align with its location-tracking framework for point-of-sale terminals, pushing back the enforcement deadline to August 1, ...
The Central Bank of Nigeria (CBN) has opted to keep its benchmark interest rate unchanged, signaling continued caution as policymakers navigate a delicate balance between taming inflation and supporting economic ...
Nearly two-thirds of Nigerians want interest rates reduced, according to the CBN's April 2026 Inflation Expectations Survey Report, but the apex bank is widely expected to hold rates steady when ...
The Central Bank of Nigeria (CBN) has relaxed its foreign exchange controls, allowing travelers to receive 25% of their personal and business travel allowances in cash, reversing last year's all-electronic ...
The Central Bank of Nigeria (CBN) has warned state governments that excessive borrowing and overdraft dependence could derail Nigeria's transition to an inflation-targeting framework. The warning was delivered on Sunday ...
The Nigerian Naira staged a notable recovery at the official foreign exchange market on Wednesday, strengthening to N1,357.34 per dollar from N1,366.56 recorded on Tuesday, according to data from the ...
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