The Central Bank Governor Olayemi Cardoso has announced that the forensic verification of the $7 billion FX backlogs is nearing ...

Over the past few years, from 2023 to 2025, interest rate spreads in Nigerian banks have notably increased, reaching a record high from ...

The FX Code is backed by the CBN Act of 2007 and the Banks and Other Financial Institutions Act (BOFIA) of 2020, which provide a robust legal framework for imposing sanctions on violators. Cardoso ...

The Central Bank of Nigeria (CBN) has stated that the non-refundable yearly license renewal cost for 2025 will be waived, relieving financial burdens for Bureau De Change (BDC) operators. John S.

The Central Bank of Nigeria (CBN) has called on deposit money banks and all market participants to embrace the principles of the Nigeria Foreign Exchange (FX) Code wholeheartedly, cautioning that any ...

The saying that technology moves faster than regulation remains universally true, regardless of the sector. Whether in ...

Instead, he pointed to a POS operator stationed nearby, ready to facilitate the transaction for a fee. For a ₦16,000 transfer, the POS charge was ₦400 – a shocking leap from the ₦65 banks would ...

The Central Bank of Nigeria, CBN, today announced that it has approved the waiver of non refundable annual license renewal fees for existing Bureaux De Change (BDCs) in the country.

The saying that technology moves faster than regulation remains universally true, regardless of the sector. Whether in ...

Following its pledge to eradicate fraud, the Central Bank of Nigeria (CBN) has directed the Nigeria Inter-Bank Settlement ...

The Central Bank of Nigeria (CBN) has unveiled the Nigeria Foreign Exchange (FX) Code, coinciding with a Naira appreciation ...

ShareAhead of its expected release of the Nigerian Foreign Exchange (FX) Code today, the Central Bank of Nigeria (CBN) has ...