CBN Approves BDC Participation in FX Market, Sets $150,000 Weekly Limit The Central Bank of Nigeria has approved the participation of licensed Bureau De Change operators in the Nigerian Foreign Exchange Market, allowing each BDC to purchase up to $150,000 weekly, according to a circular...

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have proposed regular joint audits of banks, telecom operators.

The Bank of Industry (BoI) has received approval from the Central Bank of Nigeria (CBN) to operate a non-interest banking window,

The Central Bank of Nigeria (CBN) has raised concerns over the country’s fintech sector, warning that its heavy dependence on foreign investment leaves it vulnerable to global market swings.

The World Bank has cut its planned grant to the Central Bank of Nigeria (CBN) from $10.5 million to $6.8 million, with board consideration now scheduled for March 27, 2026.

The Nigerian naira strengthened against the euro during Thursday’s trading session, closing at N1,606/€1, up from Wednesday’s N1,644/€1, according to Central Bank of Nigeria (CBN) data.