And with annual average GDP growth since independence above 4%, Nigeria is on par with the fastest growing African economies. Its per capita GDP growth has been ahead of all except Egypt. Overall, ...

By the end of the 2010s, there were over 20 banks in Nigeria licensed to provide banking services. The number had been declining continually since independence in a consolidation process imposed ...

A key area of discussion was Nigeria’s role in Mission 300, the World Bank’s initiative to provide electricity access to 300 million Africans.

In 2018, Nigeria enacted the Discrimination Against Persons with Disabilities (Prohibition) Act to protect PWDs from exclusion and ensure public spaces, including banks, are accessible. However ...

How Emefiele, Nigeria’s powerful central bank chief lost his seat. Godwin Emefiele was the second-longest-serving governor of Nigeria’s central bank, and oversaw its biggest economic downturn.

By Jennifer Awirigwe. As Nigeria marks its 64th year of independence, it’s a time for celebration and reflection. But amidst the festivities, it’s crucial to remember that true independence ...

Second, central bank independence might need additional safeguards depending on the design and intended uses of the CBDC. To this end, amendments to existing legislation or even additional legislation ...

Abuja, Nigeria — The Central Bank of Nigeria (CBN) is planning on replacing its naira currency to reduce excess cash, inflation and crime. Although the currency could be in circulation as early ...

Nigeria’s new president has suspended the country’s central bank governor, marking the end of an era of unorthodox policies at the west African institution.