Nigerian Central Bank Says Amended CBDC Model to Ensure Increased Volumes and Wallet Activity
The Nigerian central financial institution has stated it’s amending the mannequin of its central financial institution digital forex and is hopeful that such an train...
Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules
The Nigerian foreign money’s official trade fee versus the dollar just lately plunged to NGN634 per greenback from slightly below NGN470 per greenback. The central...
Security Agency Detains Nigeria’s Suspended Anti-Bitcoin Central Bank Governor
The Central Bank of Nigeria governor, Godwin Emefiele, was suspended by Nigerian President Bola Ahmed Tinubu on June 9 and was subsequently arrested by a...
US Banking Crisis: Nigerian Banks Not Directly Exposed to SVB Says Central Bank Governor
A latest evaluation of Nigerian banks’ bond portfolios confirmed that the establishments weren’t instantly uncovered to Silicon Valley Bank, the governor of the nation’s central...
After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender
The Nigerian central financial institution has mentioned the lately demonetized ₦200, ₦500 and ₦1,000 banknotes will stay authorized tender till Dec. 31, 2023. The central...
Nigerian President Barred From Extending Old Naira Banknote Demonetization Deadline
With only a few days left earlier than the outdated naira banknotes are demonetized on Feb. 10 as scheduled, a court docket in Nigeria has...
Nigeria Extends Deadline for Returning Soon-to-Be Demonetized Naira Banknotes
After initially ignoring pleas to increase the interval for returning previous naira banknotes, the Nigerian central financial institution not too long ago mentioned it has...
Report: Nigeria Debt Management Office’s $48.8 Billion Debt Contravenes the Law Says Expert
The Nigerian Debt Management Office (DMO) contravened the legislation when its borrowings exceeded the set restrict which is equal to $2.2 billion, Adetilewa Adebajo, a...
Report: Nigerian Security Agency Seeks to Arrest Central Bank Governor on Charges of Funding Terrorists
The Nigerian safety company, the Department of State Services (DSS), has reportedly instructed its operatives to arrest the Central Bank of Nigeria governor Godwin Emefiele...
New Naira Banknotes to Make Monetary Policy More Effective — Nigerian Central Bank Governor
The Central Bank of Nigeria governor, Godwin Emefiele, has mentioned the newly designed naira banknotes are set to reinforce the effectiveness of the group’s financial...