The Central Bank of Nigeria reassures the public of the banking sector's stability amid misleading reports and urges reliance on official information.

Nigeria's central bank kept its monetary policy rate at 27.50% for the third consecutive time this year, pledging on Tuesday ...

Banks are now processing foreign tuition fees directly from naira accounts through the CBN's Form A portal, making payments for international education easier.

The Central Bank of Nigeria (CBN) uses interest rate policy as its main instrument to stabilise the economy because inflation ...

The National Credit Guarantee Company (NCGC) says 80 percent of micro, small, and medium enterprises (MSMEs) in Nigeria lack ...

Markets Nigeria's Central Bank Digital Currency Pilot to Start Oct. 1 Rakiya Mohammed, the bank's information technology director, revealed the date during a private webinar on Thursday.

Under Emefiele, Nigeria’s economy struggled with a weakened currency caused by the foreign exchange crisis as well as a surging inflation rate, which was at a near-two-decade high of 22.2% in April.

Nigeria's central bank said on Thursday it plans to intervene in the country's foreign exchange market occasionally to boost liquidity, while ending an eight-year ban on 43 items that had been ...

Nigeria relies on imports for most of what it consumes. The central bank said the country needs to look inwards and adjust its consumption patterns, as one solution to the current challenge.

A court in Nigeria’s capital city Abuja has ordered the Central Bank to unblock the accounts of 20 people who were involved in the #EndSARS protests which rocked the country last October.

Associated Press Jun 10, 2023 Nigeria’s central bank chief has been arrested hours after being suspended from office by the country’s new president, authorities said Saturday.