In exercise of its powers and in line with its desire to promote and facilitate the development of efficient and effective payment systems in the country, the Central Bank of Nigeria (CBN) has issued the regulatory framework for the bank verification number (BVN) operations...

As the Naira continues to appreciate against the dollar and other foreign currencies amid liquidity boost, indications emerge that CBN is unrelenting in its move to ensure more liquidity in the interbank FOREX market, as it will inject more foreign exchange into market early...

The Central Bank of Nigeria (CBN) on Monday, March 6, 2017, carried out another round of retail interventions in the interbank FOREX market by providing a total sum of $367,134,329.93 to meet the forwards requests of customers. A breakdown of the forwards shows that the...

FOREX: CBN Gives Dealers Marching Order As part of its efforts to end the frustrations suffered by genuine FOREX customers, the Central Bank of Nigeria (CBN) has directed banks to henceforth ensure that all applications for Basic/Personal Travel Allowance (BTA/PTA) are processed within 24 hours,...

A former Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, on Thursday said President Muhammadu Buhari had worsened the “very bad” economic situation he inherited when he assumed power in 2015. Soludo spoke at the ‘Big Ideas Podium’, a public policy debate organised...

The Central Bank of Nigeria (CBN) has asked banks to submit bids for a "special currency auction" targeting fuel importers to meet demand for matured letters of credit, traders said on Monday. According to Reuters traders said the central bank sent a message to banks...