Nigeria’s inflation rate for the month of November 2024 rose to 34.60 percent from 33.88 percent in October, indicating ...

ABUJA, Dec. 16 (Xinhua) -- The Central Bank of Nigeria (CBN) has said it would begin to checkmate and penalize deposit money banks and other financial institutions caught illegally disbursing funds to ...

MTN reportedly plans to acquire a license to launch another bank after successfully operating MoMo Payment Service Bank (PSB) ...

Nigeria's inflation rate rose for the third straight month in November, advancing to 34.60% in annual terms from 33.88% in ...

The central bank, looking to increase financial inclusion, encouraged the proliferation of agents — but regulators now fear ...

The Central Bank of Nigeria (CBN) has called on the public to report challenges they face accessing cash from commercial ...

The partnership between the Central Bank of Nigeria (CBN) and Deposit Money Banks (DMBs), under the umbrella of the Bankers’ ...

The launch of Electronic Foreign Exchange Matching System (EFEMS) by the Central Bank of Nigeria (CBN) has propelled the naira to significant gains, with rates strengthening to N1,587.29 to the dollar ...

Mobile money agents have become a familiar sight across Nigeria, using handy point-of-sale machines to provide essential ...

Abuja, Nigeria – The Central Bank of Nigeria has announced it will adopt Bloomberg’s BMatch solution for interbank trading in the local foreign exchange markets. Bloomberg’s Foreign Exchange ...

Economists argue that money supply alone does not determine Nigerian inflation and that structural factors need to be ...