Tag: CBN
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CBN Considers New Regulation to Foster Compliance Among Nigerian Fintech
The Central Bank of Nigeria (CBN) has announced that it is developing a new law designed to raise the bar for corporate governance and...
CBN provides IMTOs with naira access to enhance remittances
On Monday, the Central Bank of Nigeria (CBN) announced fresh initiatives aimed at increasing naira liquidity and diaspora remittances.
Eligible International Money Transfer Operators (IMTOs)...
More naira, less value as N7.6 trillion in consumer spending is eroded by inflation
Nigerians are spending more money, but their money is worth less because by 2023, inflation will have cost consumers at least N7.61 trillion.
The National...
External reserves are expected to increase significantly due to inflows
Experts predict that once foreign inflows into Nigeria start, the country's external reserves will rise quickly.
Nigeria's foreign reserves have increased by 2.19 percent every...
CBN Dismisses Plan to Revoke Wema, Polaris, Unity, Fidelity Bank Licences
The Central Bank of Nigeria has stated that it is not planning to revoke the operating licenses of Fidelity Bank, Wema Bank, Polaris Bank...
