Nigeria tightens cash withdrawal limits to curb money-laundering risk
Nigeria's central bank announced sweeping changes to its cash management policies on Tuesday, introducing stricter withdrawal limits and scrapping fees ...
Tag: Central Bank of Nigeria
Nigeria posts $6.83 billion payments surplus amid reforms, rising confidence
Nigeria recorded a balance of payments surplus of $6.83 billion in 2024, driven by the impact of reforms, a stronger ...
Nigeria’s NNPCL boss says country to become net fuel exporter by December
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr. Mele Kyari, says that Nigeria will be ...
Nigeria central bank delivers another big hike, third this year
Nigeria's central bank delivered another big interest rate hike on Tuesday, responding to a continued rise in inflation which hit ...
Nigeria sees record inflation in March
Nigeria's headline inflation rate rose 1.50% to 33.20% in March, the country's statistics bureau reported on Monday. The figure is ...
Here’s why inflation has dropped internationally but is still rising in Nigeria
The Nigerian economy contracted by 6.1% at the peak of COVID in the second quarter of 2020. Unemployment rate rose from 27% ...
Nigerian central bank lifts ban on crypto trading
Nigeria's central bank has lifted a ban on transacting in cryptocurrencies, while saying global trends had shown a need to ...
Nigeria’s President picks banker Olayemi Cardoso as next central bank governor
President Bola Tinubu has nominated the former head of Citibank in Nigeria, Olayemi Cardoso, to serve as the country's new ...
Suspended Nigeria’s central bank governor charged after weeks in detention
The suspended governor of the Central Bank of Nigeria was charged after a month in detention under a court directive ...
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