Nigeria External Reserves hits $40.2B
The Central Bank of Nigeria (CBN) announced that the country’s external reserves have risen to…
More than 93% of the total Naira in circulation is not in the Nigerian banks.
According to the CBN, the total currency in circulation has reached N4.14 trillion, with N3.87…
CBN to Launch eNaira Version 2.0 Focusing on Money Deposit Banks
Following the just-released document on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal…
CBN Raises Interest Rate by 50bps, Sparking Outcry from Student Loan Borrowers.
The Central Bank of Nigeria (CBN) raised its Monetary Policy Rate (MPR) by 50 basis…
Posted inCyber Security Economy NEWS
CBN to Bring Back Cybersecurity Levy
As part of its guidelines for the 2024-2025 fiscal year, the CBN has restated that…
Posted inCrypto Economy NEWS Regulations
Understanding the US Fed Rate Cut and Its Effects on the Nigerian Naira and the Crypto Market.
Following the U.S. Federal Reserve’s monetary policy arm, the Federal Open Market Committee (FOMC) meeting…
Posted inEconomy NAIRA RATE NEWS Stocks
Naira Rates: Nigeria Foreign Reserve Hits $36.87B Following the Sale of Domestic Dollar Bond
Nigeria’s foreign exchange (FX) reserves increased by $621.2M in 10 days following the recent sale…
Posted inRegulations Top News Trading
Nigerian government to tax crypto traders a 7.5% VAT in transaction fees on KuCoin
Crypto tax Nigeria: KuCoin has just announced that per recent regulatory update, users with KYC…
Posted inEconomy Exchange NAIRA RATE NEWS Trends
Naira Rates: CBN Forms Task Force to Double the Remittance Inflows
The Central Bank of Nigeria (CBN) has formed a task force that will drive the…
Posted inEconomy NEWS Regulations Trading Trends
CBN Deletes Tweet Debunking a Circular Claiming to Prohibit Banks From Facilitating Payment for Crypto Exchanges
The Central Bank of Nigeria has debunked a circular currently circulating about its institution prohibiting…
Posted inExchange NEWS Regulations Trading
Nigerian Government Debunks Reports of $10B Fine for Binance.
As of now, no decision has been reached regarding the imposition of a fine on…
Posted inBitcoin Exchange NEWS Regulations
The outrageous $10 billion fine on Binance
Binance faces heightened regulatory scrutiny in Nigeria as authorities intensify their examination of the platform…
Posted inEconomy NEWS Regulations
CBN debunks Alleged Plans to Convert $30 Billion Domiciliary Deposits into Naira.
The bank said the allegation is false and only aims to trigger panic in the…
Posted inEconomy General News NEWS Opinion Regulations
Nigeria Emerges the World’s Most Cryptocurrency-Aware Nation, Recent Survey Reveals.
Nigeria has emerged as the world's most cryptocurrency-aware nation, with 99% of the population crypto-aware,…
Posted inEconomy
Nigeria House of Rep Order CBN To Stop Requesting Social Media Accounts For KYC.
The House of Representatives has asked the Central Bank of Nigeria (CBN) to stop the…
Posted inEconomy
Nigeria Bank customers get N115bn, $22.7m refund for failed transactions.
According to the Central Bank of Nigeria no fewer than 35,453 complaints from bank customers…
Posted inEconomy
CBN Ask Banks To Be Weary Of Money Laundering Transactions From Cameroon, Others.
Recently, the Central Bank of Nigeria (CBN) has asked banks and other financial institutions to…
Posted inEconomy
CBN Sets N15,000 As Transaction Limit For Contactless Payments.
The Central Bank of Nigeria (CBN) has placed a N50,000 daily limit on contactless payments…
Posted inEconomy
CBN reportedly makes social media handle mandatory KYC requirements for bank customers.
The CBN has released its Customer Due Diligence Regulations 2023, the Central Bank of Nigeria…
Posted inEconomy General News
CBN Direct Banks To Trade Naira Freely Against Dollar, Harmonizing Bank And Black Market Prices To Over N700/ Dollar.
On Wednesday, The Central Bank of Nigeria directed Deposit Money Banks to remove the rate…