CBN Predicts N31.787trn Inflow from Diaspora Remittances   The Central Bank of Nigeria (CBN) has made a bullish forecast, predicting that diaspora remittances will surge to a record N31.787 trillion once the fourth-quarter 2024 numbers are finalized. The substantial increase in diaspora remittances was attributed to the...

The promise sounded by the CBN Governor Yemi Cardoso, acknowledges the crucial role young people play in shaping economic policies.

CBN's N150mn Penalty: A Step Towards a Cashless Nigeria? By Dahiru M. Lawal The Central Bank of Nigeria (CBN) recently made headlines by imposing a hefty fine of ₦150 million on several banks for failing to adhere to its cash distribution guidelines. This decisive action, no...

CBN Unveils Nigeria's FX Code to Promote Transparency, Fairness The Central Bank of Nigeria (CBN) has launched Nigeria Foreign Exchange Code (FX Code) to promote transparency and fairness in the foreign exchange market. Speaking at the launch on Tuesday, the CBN Governor, Olayemi M. Cardoso, noted...

CBN to FX Marketers: Submit Compliance Report Before February The Central Bank of Nigeria (CBN) has directed participants in the foreign exchange market to submit compliance reports on adherence to the Nigeria FX Code by January 31, 2025. The directive is part of efforts to strengthen...

CBN Waives BDC Licence Renewal Fee The Central Bank of Nigeria (CBN) has approved the 2025 licence renewal fee waiver for the Bureau De Change (BDC) operators with immediate effect. This is in furtherance to the Regulatory and Supervisory Guidelines for Bureau De Change Operations in...