The Central Bank of Nigeria has said that it has recovered over N51.9bn illegally deducted by commercial banks and returned it to the customers. The CBN stated that the amount was illegally removed from the

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The Central Bank of Nigeria should convert the country’s lower currency notes into coins to facilitate “highly repetitive” retail transactions, the Senate said Tuesday. The advice came after a Senator spoke on the implications of

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  A convoy of bullion vans belonging to the Central Bank of Nigeria on Thursday ran into Ogun state governor,  Ibikunle Amosun's convoy as the governor was travelling to Lagos. The governor's official car as

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About 24 hours after The Central Bank of Nigeria (CBN) announced fresh policy actions in the foreign exchange market, the bank has pumped $370.9 million into the forex market. On Tuesday, the apex bank carried

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The Central Bank of Nigeria has released a new foreign exchange policy in the country with immediate effect. The new policy is sequel to last Thursday’s directive by the National Economic Council, for immediate review

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  By  Ibrahim B. B. Shettima “But the extreme fragility of the financial system…is rooted in the incentives of people within the system and in the failure of regulations to counter these incentives.” Amar R.

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The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has been elected as the chairman of the International Islamic Liquidity Management Corporation (IILM) on Thursday, December 15, 2016 in Jakarta, Indonesia. In a press

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Nigeria is clamping-down on black market money dealers in its attempts to support the local currency, the naira. The government blames volatility of the unit on currency dealers in the informal black market. DSS agents

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Nigeria has tried a range of strategies to stem a trouble currency slide as well as manage its mounting economic crisis. The latest strategy could see it jail its own citizens. The Central Bank of

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The Central Bank of Nigeria on Tuesday, November 8 warned Nigerians in the Diasporan to stop patronising illegal money transfer operators. In a statement sent to journalists by the CBN’s acting director, corporate communications, Mr

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