‎Naira Slips by ₦3.33 Against Dollar in Black Market ‎The naira slightly depreciated by ₦3.33 against the US dollar as trading resumed on Monday in the parallel (black) market. ‎A source at the Abuja black market told Economic Confidential that as of May 19, the naira...

‎Naira Rebounds to ₦1,620/$ in Parallel Market ‎The naira strengthened across both the parallel and official foreign exchange markets on Friday, reflecting renewed confidence in the local currency. ‎A source at the Abuja black market told Economic Confidential that as of May 16, the naira was...

CBN’s NRBVN and the Road to $1bn, by Rahma Olamide Oladosu   For decades, Nigerians in diaspora have constituted a vital yet under-served segment of the national economy. Despite their immense contributions through remittances, investments, and professional networks, systemic obstacles have continued to limit their access...

In a nation where financial opportunity has too often been a privilege of the few, the Central Bank of Nigeria (CBN) is rewriting the script. It in partnership with the Nigeria Inter-Bank Settlement System (NIBSS) unveiled a groundbreaking innovation: the Non-Resident Bank Verification Number (NRBVN) platform.

CBN's NRBVN Rollout: Rewiring Diaspora Banking Access ‎By Zekeri Idakwo Laruba ‎In a landmark move to drive financial inclusion and boost diaspora engagement, the Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has unveiled the Non-Resident Bank Verification Number (NRBVN)....

MPC: Reps Warn CBN Against Interest Rate Hike The House of Representatives Committee on National Planning and Economic Development has warned the Central Bank of Nigeria (CBN) against the adverse effects of maintaining high interest rates in its bid to curb inflation. Chairman of the committee,...