The Central Bank of Nigeria (CBN) has announced the introduction of an electronic matching system for foreign exchange transactions in the Nigeria FX market scheduled to begin from December 1, 2024.

In a move that stunned the financial markets, the Central Bank of Nigeria (CBN) Monetary Policy Committee voted to further raise interest rate by 50 basis points to 27.25%. The Governor of the CBN, Mr ...

The CBN’s persistent monetary tightening stance means businesses must cope with higher borrowing costs. Increasing the CRR for banks means more loanable funds have been sterilised. This further ...

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 26.75 percent to 27.25 percent.

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Addressing journalists at an ongoing press briefing after the committee’s fifth meeting for the year at the CBN headquarters on Tuesday in Abuja, the governor of the apex bank, Olayemi Cardoso ...

The Central Bank of Nigeria (CBN) on Friday said it sold 543.5 million dollars through a two-way quote at the Nigeria Foreign Exchange Market (NFEM) to authorised dealer banks between on 11 dealing ...

The rover's aluminum wheels have taken a beating. New images show some dramatic gaping holes, but don't be alarmed. NASA has it under control. The photos are eye-opening. Curiosity has six wheels ...

The Central Bank of Nigeria (CBN) has announced the introduction of the Electronic Foreign Exchange Matching System (EFEMS) for Foreign Exchange (FX) transactions within the Nigerian Foreign ...