Bank customers in Umuahia Abia State capital have reacted to the recent sanctions slammed on nine Deposit Money Banks by the Central Bank of Nigeria, CBN, describing the sanctions as appropriate.

The Central Bank of Nigeria (CBN) has unveiled new regulations restricting Bureau de Change (BDC) operators to sourcing a maximum of $25,000 in foreign exchange per week from a single authorised ...

Nigeria, Africa’s most populous country, introduced a central bank digital currency (CBDC), the eNaira, into its financial system in late 2021, an action that paved the way for different sets of ...

Nigeria's bank bailout will not push its fiscal deficit above three percent of GDP and all of the rescued banks will survive in one form or another, Central Bank Governor Lamido Sanusi said on ...

BOI’s ability to raise funds in the international debt markets has, to a large extent, been supported by both its strong ratings and support from both the Central Bank of Nigeria and the Federal ...