Exorbitant fees for basic banking services like withdrawals and account maintenance have only made the financial difficulties ...

The value of the naira improved against the US dollar in the foreign exchange market after the Central Bank of Nigeria ...

Donald Trump's rapid move to ban a "digital dollar" has left the field wide open, observers say, for China and Europe to make ...

Speaking at the event in Abuja, Cardoso said the FX Code would establish clear and enforceable standards for ethical conduct, ...

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

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

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 has announced that it is ready to commence repayment of all forex backlogs. The apex bank also ...