CBN Introduces New Account Options for Non-resident Nigerians
The Central Bank of Nigeria (CBN) has launched two innovative account products designed to enhance financial access and investment opportunities for Non-Resident Nigerians (NRNs).
Unveiled on Friday, January 10, 2025, the Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident...
CBN Halts Export Proceeds Repatriation Extension
The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation on behalf of exporters, effective immediately.
This directive, issued via a circular dated January 8, 2025, applies to both oil and non-oil export transactions.
The...
How CBN's Voluntary Early Exit Program is Revolutionizing Performance, by Rahma Olamide Oladosu
In response to widespread criticism, the Central Bank of Nigeria (CBN) recently affirmed that the departure of 1,000 employees in December 2024 stemmed from a fully voluntary process through its Voluntary Early...
Nigeria's Capital import Rises 224% to $9.04bn
Capital importation rose by 224 percent year-on-year, YoY, to $9.04 billion in the first 10 months of 2024 (10m’24) from $2.9 billion in the same period of 2023, indicating increased foreign investment in the country.
Data analysis from the...
33 Former CBN Workers Seek N30bn Compensation for Wrongful Termination
A group of former Central Bank of Nigeria employees, who were let go in a large-scale restructuring effort last year, have filed a lawsuit against the apex bank at the National Industrial Court of Nigeria...
Nigeria's IMTO Inflows Jump by 63.7% in Nine Months - CBN
According to the Central Bank of Nigeria (CBN) the country witnessed a significant surge in international money transfers, with inflows from International Money Transfer Operators (IMTOs) rising by 63.7% during the first nine months...
