‎The Central Bank of Nigeria’s latest directives on agent banking and Point of Sale (POS) operations mark a watershed moment in the evolution of Nigeria’s financial system.

The Governor of the Central Bank (CBN), Olayemi Cardoso, will lead Nigeria’s delegation to the World Bank and International Monetary Fund Annual Meeting in Washington DC, which opens on Monday, October 13.

Naira Holds Firm in Black Market, Appreciates at Official Window on Oct 10 The naira maintained stability against the U.S. dollar on Friday, October 10, in the parallel market while gaining at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that...

CBN Settles $7bn Verified Forex Backlog   Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has disclosed that his administration has cleared over $7 billion in verified foreign exchange backlogs within two years in office. He said the CBN under his watch has also...

CBN Reaffirms Commitment to Price and Monetary Stability - Cardoso The Central Bank of Nigeria has assured Nigerians of its commitment in ensuring that the policies and reforms already introduced would bring about much-needed price and monetary stability in the country. Nigerians have, over a long...

The Central Bank of Nigeria (CBN) has capped daily cash-out transactions for Point of Sale (POS) agents at N1.2 million and N100,000 for individual customers.