CBN

Following a recent directive by the Central Bank of Nigeria CBN, many commercial banks and other related financial institutions associated with export handling and financing have announced their immediate withdrawal …

The Central Bank of Nigeria (CBN) on Tuesdsy said it had sanctioned nine commercial banks for failing to dispense cash through automated teller machines (ATMs), during the yuletide season. The …

The Central Bank of Nigeria (CBN) has been sued by its former staff members who were dismissed in a mass layoff in 2024. In a court document seen by TheCable …

…as CBN pulls forex out of commercial banks grip with Retail Dutch Auction System   After over a decade of dangerous racketeering in Nigeria’s foreign exchange market by commercial banks, …

As Nigerians are baffled over the recent hike of interest rate from 26.25% to 26.75% by the Central Bank of Nigeria (CBN), the Manufacturers Association of Nigeria (MAN) and frontline …

Unstable rates for Customs duties payments usually set by the Central Bank of Nigeria (CBN) has taken a toll on importation business and has more than halved vehicle importation in …

Prices of goods are set to go up again following an increase of import duty benchmark for the Customs Service by the Central Bank of Nigeria (CBN). The Central Bank …

As part of effortes to check current hyper inflation in the country, the Central Bank of Nigeria today raised interest rates in West Africa’s biggest country. The CBN raised its …

The Central Bank of Nigeria on Tueaday announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change (BDC) operator across the country. This follows the …

CBN uncovers $2.4bn fraudulent FX backlog claimsA massive sum of $2.4 billion out of Nigeria’s controversial foreign exchange backlogs has been found to be fraudulent and invalid for settlement. Governor …